Negative Rates, Negative Reactions
A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.
Read more...A new survey suggests that negative rates will be counterproductive. Consumers will not spend more, as central banks wish, but will hoard.
Read more...Krugman has really lost it.
Read more...Krugman has made maliciously false statements about economics professor Gerald Friedman. Demand that the New York Times issue a correction and that Krugman apologize.
Read more...Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored.
Read more...How to make the housing market conform to mainstream economists’ ideals.
Read more...Please watch the winning entries in Econ4’s video contest on the topic of greed.
Read more...Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.
Read more...Discussions of technology-driven change fail to distinguish between productivity-enhancing technology and disruptive technology.
Read more...An introduction to Michael Hudson and his latest book.
Read more...A new story at the New York Times on the global debt overhang is an economically warped account that omits important policy options.
Read more...Why you should expect and applaud federal deficits.
Read more...Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.
Read more...How and why central bankers and conservative economists created the bogus “fractional reserve” and “debt intermediation” theories of banking.
Read more...Even though the former chief economist of the BIS calls for a debt jubilee, it’s only part of the medicine needed to get the economy out of the ditch.
Read more...Nudges are modifications of people’s choice architecture that impact their behaviour but don’t change their incentives or coerce them. As a policy instrument, nudges have been shown to be effective in changing certain kinds of behaviours. This column explores the ethical issues that arise in employing such potentially manipulative policies. An evaluation programme is outlined that explores a potential policy’s impact on people’s wellbeing, autonomy, and integrity, along with its practical implications.
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