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Tag Archives: debt
Fed Set on Debt Monetization
The Federal Reserve begins to monetize government debt, hoping to combat deflation. Continue reading
Posted in Current Events
Tagged debt, Federal, Government, monetization, Reserve, spending
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Sure, Evidence Looks Keynesian If That’s How You Doctor It
In his most recent op-ed, “That ’30s Feeling”, Paul Krugman draws parallels between current calls for austerity and the Germany of the 1930s. This time, factual history is against Krugman’s thesis. Germany’s collapse in the early 1930s was hinged on debt and the inability of their central bank to pay for it. Continue reading
Posted in History
Tagged debt, Depression, fiscal, Germany, Government, Great, Krugman, Stimulus
10 Comments
Robert Murphy on the Double Dip
I’d like to come to Murphy’s defense regarding inflation and offer some points on the possibility of a double-dip. For the time being, I predict a continuation of the upward inflationary trend. We are seeing a greater destruction than production of wealth, as it flattens the structure of production. This is a trend towards impoverishment, not recovery, and does indicate the possibility of an increase in the rate of change of CPI. Continue reading
Posted in Uncategorized
Tagged Bubble, consumer, debt, Depression, dip, double, expenditure, Great, index, inflation, Investment, price, Private, production, public, Recession, stagflation
2 Comments
Irrelevance of Fiscal Austerity
Krugman remains bewildered at the G20’s call for fiscal austerity by pointing out that slashing stimulus spending is not bound to have a major impact on debt growth and that such a policy could have long-term harmful side effects. The latter concern is legitimate, at least if you believe that Keynesian countercyclical fiscal policy is the correct prescription for our current recession, but I feel that Krugman leaves out a few key details. Continue reading
Posted in Current Events, Theory
Tagged austerity, countercyclical, debt, fiscal, Krugman, policy, Stimulus
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Great Links: 27 May 2010
Some interesting links for the week of 27 May 2010. Continue reading
Posted in Miscellaneous
Tagged community reinvestment act, debt, Healthcare, links, selling, short
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A Greek Catastrophe
A video by Stefan Molyneux on the 2010 Greek debt crisis. Continue reading
Déjà vu?
The current global debt crisis is looking very similar to that of the 1930s. Continue reading
Posted in Current Events
Tagged bankruptcy, borrowing, debt, default, europe, Federal, Government, lending, Reserve, sovereign
2 Comments
Inflating Out of Debt
Today’s public debt cannot be inflated away, because the price of long-term social insurance programs will also rise. Continue reading
Shifting Economy
The Economist publishes an interesting article which is half-correct, but still lacking in sound economic theory. There has been no shift to savings. Savings are a necessary part of economic growth. Continue reading
Posted in Comments, Theory
Tagged consumption, debt, economist, exports, savings, states, united
2 Comments
Generally Dead Motors
General Motors will not be successful without more fundamental changes to its structure, including looking at union-employer relations. Continue reading →