By: Andrea Terzi
Have you ever considered full employment as a means to properly measure the cost of wars? Tolerating unemployment may indeed lead to pro-war sentiments. Fighting wars requires using resources to produce weapons, feed soldiers, provide transportation. Read the rest of this entry »
By: Andrea Terzi
You may think that the Fed, the central bank of the U.S., has complete control, or at least some control of how many banknotes circulate in the economy. The fact is that the Fed has no power in this.
By: Andrea Terzi
If you think wars in Iraq and Afghanistan were a gigantic waste of money, chronic unemployment in peacetime may be even worse! War raises output and unemployment is not an efficient allocation of our resources. Read the rest of this entry »
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- Tags: Middle East, Unemployment, War
By: Andrea Terzi
There are no ’scarce resources’ causing the financial crisis and the global recession! And yet, no self-correcting force is likely to operate soon. In a “money crisis”, only political authorities (who are the ultimate monopolists of money) can provide effective answers. And to be effective, these should be based on out-of-the-box thinking.
- Tobin Tax Monster
- The crisis and the blogosphere have opened mainstream economics up to new attack
- Not only in Germany: The ECB now wants export-driven growth for whole Europe!
- QE Euro-style: There is no alternative to the ECB writing the check
- Warren Mosler’s proposals for the 99%
- 12. Income statement and net income
- Solutions to the euro crisis
- Does this sound familiar?
- The speech by President Barack Obama we have been waiting for! (Ghost written by Warren Mosler)
- 2011 Mecpoc lecture
- Does the ECB understand sector financial balances?
- 11. Balance sheet and net worth
- Interview with Randy Wray, Regarding the Next Crisis (Part 2)
- 10. Accounting for debits and credits
- Congress: You Are the Scorekeepers for the U.S. Dollar, Not a Player!
- Who can really ‘print’ money? The Fed or the Treasury?
- Randy Wray’s Modern Money Primer
- 9. A paradigm for understanding monetary economies
- Interview with Randy Wray, Regarding the Next Crisis
- 8. What monetary economics is about
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