“TheKosovisationofGreece”, byAmbroseEvans-Pritchard, THETELEGRAPH | YanisVaroufakis http://feedly.com/k/138JL8t shared via http://feedly.com Seguir leyendo “The Kosovisation of Greece”, by Ambrose Evans-Pritchard, THE TELEGRAPH | Yanis Varoufakis
EmpiricalEvidenceonEndogenousMoney http://socialdemocracy21stcentury.blogspot.com/2013/08/empirical–evidence–on–endogenous–money.html The empirical and statistical evidence on the direction of causality from loans to deposits is given by these studies, which are surveyed by Howells (2006: 59–62): (1) Moore, B. J. 1988. HorizontalistsandVerticalists: TheMacroeconomicsofCreditMoney. Cambridge University Press, Cambridge and New York. pp. 162–163. Moore uses the Granger and Sims causality test on loans and measures of the US money supply from 1974 to 1980. … Seguir leyendo Empirical Evidence on Endogenous Money
HAY QUE MIRÁRSELO http://lavozdebida.wordpress.com/2013/08/10/hay-que-mirarselo “Hemos ido más allá de una mala doctrina económica. Hemos ido incluso más allá del egoísmo y los intereses creados. A estas alturas, hablamos de una mentalidad que se regodea infligiendo más sufrimiento a los que ya están destrozados” “Por lo visto, es perfectamente correcto robar el dinero a los ciudadanos a punta de pistola y obligarles a dárselo a las … Seguir leyendo HAY QUE MIRÁRSELO
China FactoriesTurntoUndocumented Labor as Local WagesJump – Bloomberg http://feedly.com/k/17ebpOu shared via http://feedly.com Seguir leyendo China Factories Turn to Undocumented Labor as Local Wages Jump – Bloomberg
Distributionalconsequencesof natural-resourcebooms: Lessonsfrom Australia | vox http://feedly.com/k/1bjMImB shared via http://feedly.com Seguir leyendo Distributional consequences of natural-resource booms: Lessons from Australia | vox
La subida de los salarios se debe basar en razones de Justicia y no en razones utilitaristas como hace este artículo, que por otra parte son bastante dudosas. WagesintheUSremainsuppressed http://feedly.com/k/1bjPuse One of the key reasons for the mediocre economic growth in the US has been the ongoing weakness in household wages. As the chart below shows, US median inflation-adjusted household income (red line) remains well … Seguir leyendo Wages in the US remain suppressed
Juan Ramón Rallo’sMonetaryEquilibriumRate http://socialdemocracy21stcentury.blogspot.com/2013/08/juan–ramon–rallos–monetary–equilibrium.html Juan Ramón Rallo explains it here: Juan Ramón Rallo, “A vueltas con el tipo de interés natural,” 9 August. According to this, Sraffa’s natural rate, “would be the interest rate that would prevail in a barter economy; the second [sc. interest rate] (mine) would be the intertemporal equilibrium rate for terms and risk (yield curve) that would prevail in a monetary … Seguir leyendo Juan Ramón Rallo’s Monetary Equilibrium Rate
Post KeynesiansonMiltonFriedman http://socialdemocracy21stcentury.blogspot.com/2013/08/post-keynesians–on–milton–friedman.html There is some discussion of Milton Friedman at the moment by Paul Krugman (here and here). So in that spirit, I think some heterodox Keynesian views of Friedman are worth mentioning: ThomasPalley, “MiltonFriedman: TheGreatConservativePartisan,” November 27th, 2006. James K. Galbraith, “TheCollapseofMonetarismandtheIrrelevanceofthe New MonetaryConsensus,” March 31, 2008. Thomas Palley has a nice summing up of Friedman monetarist doctrine: “Monetarism’s most famous aphorism is … Seguir leyendo Post Keynesians on Milton Friedman
WhenWillSpanishBankingSystemCollapse? http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/XsDogJ_F5cE/when–will–spanish–banking–system.html The question on my mind today is "When will the Spanish banking system collapse?" Spain’s exposure to Portuguese sovereign debt and unrealized losses on real estate loans are two reasons a collapse in inevitable. The Spanish banking system passed a so-called "stress test" in 2012, but sovereign government bonds are are not included in the evaluation. We saw how well that worked with … Seguir leyendo When Will Spanish Banking System Collapse?
JustsetfiretoJapan’squadrilliondebt – Telegraph Blogs http://blogs.telegraph.co.uk/finance/ambroseevans–pritchard/100025346/just–set–fire–to–japans–quadrillion–debt/ shared via http://feedly.com Seguir leyendo Just set fire to Japan’s quadrillion debt – Telegraph Blogs
