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ralphanomics.blogspot.com

RALPHONOMICS

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Thursday, 13 August 2015. Larry Elliot disapproves of peoples’ QE? Larry Elliot is The Guardian’s economics editor, and in this article. As to inflation, it...

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RALPHONOMICS | ralphanomics.blogspot.com Reviews
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Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Thursday, 13 August 2015. Larry Elliot disapproves of peoples’ QE? Larry Elliot is The Guardian’s economics editor, and in this article. As to inflation, it...
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RALPHONOMICS | ralphanomics.blogspot.com Reviews

https://ralphanomics.blogspot.com

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Thursday, 13 August 2015. Larry Elliot disapproves of peoples’ QE? Larry Elliot is The Guardian’s economics editor, and in this article. As to inflation, it...

INTERNAL PAGES

ralphanomics.blogspot.com ralphanomics.blogspot.com
1

RALPHONOMICS: 2014-12

http://ralphanomics.blogspot.com/2014_12_01_archive.html

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Tuesday, 30 December 2014. Quack cures for Eurozone austerity. I have big reservations about a popular alleged cure. Of course the latter “cure” involves se...Where eac...

2

RALPHONOMICS: Minimum wages and demand.

http://ralphanomics.blogspot.com/2015/08/minimum-wages-and-demand.html

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Saturday, 1 August 2015. Minimum wages and demand. By John Schmitt claims that one argument for increasing the minimum wage is that such an increase might boost demand.

3

RALPHONOMICS: Full reserve puts conventional banking in check mate.

http://ralphanomics.blogspot.com/2015/08/full-reserve-puts-conventional-banking.html

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Thursday, 6 August 2015. Full reserve puts conventional banking in check mate. To summarise, those who want total safety can get it, while the bank system is no longer ...

4

RALPHONOMICS: 2015-05

http://ralphanomics.blogspot.com/2015_05_01_archive.html

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Sunday, 31 May 2015. Brainless lefties will like the above cartoon. The truth is that the explanation for high house prices is more nuanced. Of course I’m not sug...

5

RALPHONOMICS: Richard Musgrave said government borrowing is unnecessary.

http://ralphanomics.blogspot.com/2015/08/richard-musgrave-said-government.html

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Monday, 10 August 2015. Richard Musgrave said government borrowing is unnecessary. Subscribe to: Post Comments (Atom). Taxpayers Subsidise Private Money Creation. The a...

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margemsub.blogspot.com margemsub.blogspot.com

Marginal Employment Subsidies Dont Work

http://margemsub.blogspot.com/2009/03/there-is-type-of-employment-subsidy.html

Marginal Employment Subsidies Dont Work. Ralph Musgrave, Durham, UK. Tuesday, 17 March 2009. There is a type of employment subsidy that has long had great appeal. It is the idea that employment can be raised by rewarding each employer in proportion to the additional. In late 2009 something of this sort was proposed by Obama under the guise of ". Tax credits for new jobs. Or similar. And in Sept 2011 he proposed the same idea again. This idea has a long history. E.g. see. Units that get produced or employ...

lowerleftlimit.wordpress.com lowerleftlimit.wordpress.com

The Trouble with Carney’s J.G Analysis | lowerleftlimit

https://lowerleftlimit.wordpress.com/2012/01/05/the-trouble-with-carneys-j-g-analysis

Just another WordPress.com site. January 5, 2012. The Trouble with Carney’s J.G Analysis. Yesterday John Carney posted an article titled The Trouble with a Job Guarantee. After reading the title I knew a response was needed. Rather than go on about how great the J.G is I will simply question some of the basic premises upon which Mr Carney makes his argument. Trouble with a Job Guarantee. There is no trouble. If they don’t obtain enough resources they die. The correct answer is not so simple, but the owne...

printingmoneyisgood.blogspot.com printingmoneyisgood.blogspot.com

Musgrave's Law and Other Contentious Ideas.: Musgrave's Law solves the following problem.

http://printingmoneyisgood.blogspot.com/2010/07/david-blanchflower-doesnt-answer-64k.html

Musgrave's Law and Other Contentious Ideas. Ralph Musgrave, Durham, UK. Thursday, 1 July 2010. Musgrave's Law solves the following problem. Deficits and / or national debts allegedly need reducing. The conventional wisdom is that they are reduced by raising taxes and / or cutting government spending, which in turn produces the money with which to repay the debt. But raised taxes or spending cuts destroy jobs: exactly what we don’t want. A quandary. The short answer is yes, and for the following reasons.

macroresilience.com macroresilience.com

The Public Deposit Option: An Alternative To “Regulate and Insure” Banking at macroresilience

http://www.macroresilience.com/2012/01/05/the-public-deposit-option-an-alternative-to-regulate-and-insure-banking

Resilience, not stability. The Public Deposit Option: An Alternative To “Regulate and Insure” Banking. For the chronic fragility of the financial system:. There are a couple of problems with his idea – for one it may not be possible to effectively regulate bank risk-taking. On many previous occasions. The moral hazard trade is not a riskier trade but a combination of high leverage and a severely negatively skewed payoff with a catastrophic tail risk. Minsky himself understood the essentially ephemeral na...

creditwritedowns.com creditwritedowns.com

Where will all the new jobs come from? | Credit Writedowns

https://www.creditwritedowns.com/2010/03/where-will-all-the-new-jobs-come-from.html

Finance, Economics, Markets and Technology. Sign up for Pro. You are here: Economy. Where will all the new jobs come from? Where will all the new jobs come from? On 22 March 2010 at 17:10 /. Consider this: Despite a rising population, non-farm payrolls in the United States are lower than they were a decade ago. The unemployment challenge is not just cyclical, it is secular. Sectors of the economy with a challenge include (click on images to enlarge):. Financial services (zero growth in 10 years). Seasona...

lowerleftlimit.wordpress.com lowerleftlimit.wordpress.com

Productive J.G employment is not necessary | lowerleftlimit

https://lowerleftlimit.wordpress.com/2012/01/06/productive-j-g-employment-is-not-necessary

Just another WordPress.com site. January 6, 2012. Productive J.G employment is not necessary. I like to understand what a statement is really saying about the universe. There is a lot of discussion around how the J.G should be implemented. There is one question in particular that is especially malignant. Where we will all the jobs necessary for J.G workers come from? This usually comes from Austrians and some MMTers opposed to the idea. They state something along the lines of. Are you saying that the dif...

duncanseconomicblog.wordpress.com duncanseconomicblog.wordpress.com

Credit Easing – Five Questions | Duncan's Economic Blog

https://duncanseconomicblog.wordpress.com/2011/10/04/credit-easing-five-questions

Skip to search - Accesskey = s. Duncan’s Economic Blog. Credit Easing – Five Questions. By duncanseconomicblog on October 4, 2011. The big announcement in Osbone’s speech from a macroeconomic point of view was the talk of ‘credit easing’ Treasury action to ease loan availability to small and medium sized businesses. This all raises a few questions. First, and crucially, how quickly could such an operation be gotten up and running? Second how large will the programme actually be? 8220;First, and crucially...

margemsub.blogspot.com margemsub.blogspot.com

Marginal Employment Subsidies Dont Work: March 2009

http://margemsub.blogspot.com/2009_03_01_archive.html

Marginal Employment Subsidies Dont Work. Ralph Musgrave, Durham, UK. Tuesday, 17 March 2009. There is a type of employment subsidy that has long had great appeal. It is the idea that employment can be raised by rewarding each employer in proportion to the additional. In late 2009 something of this sort was proposed by Obama under the guise of ". Tax credits for new jobs. Or similar. And in Sept 2011 he proposed the same idea again. This idea has a long history. E.g. see. Units that get produced or employ...

jkaonline.typepad.com jkaonline.typepad.com

jka on economics UK: The UK is in a liquidity trap - say no to more QE on planet ZIRP

http://jkaonline.typepad.com/jkaonline/2011/10/the-uk-is-in-a-liquidity-trap-say-no-to-more-qe-on-planet-zirp.html

Jka on economics UK. Laquo; Why more QE is the wrong policy option for the UK . Wwwjohnashcroft.co.uk - we have moved - why not join us there. ». October 09, 2011. The UK is in a liquidity trap - say no to more QE on planet ZIRP. Last week, the Governor of the Bank of England said This is the most serious financial crisis we have seen since the 1930s, if not ever. Well is it? Inter bank lending was dessicated, LIBOR spreads were extending. The central bank was becoming not just the last lendor of res...

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RALPHONOMICS

Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Thursday, 13 August 2015. Larry Elliot disapproves of peoples’ QE? Larry Elliot is The Guardian’s economics editor, and in this article. As to inflation, it...

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