Tag Archives: Keynesianism

The Bank of England must share the blame for the cost of living

Posted on January 21, 2014 by

Many central banks now have “inflation targets” that they are required to meet, and such targets are set by the government. For the Bank of England, this target is 2%, and is based on the Consumer Price Index (CPI). Some … Continue reading →

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Quote of the Day

Posted on April 3, 2013 by

The central banking branch of the state remains hostage to Wall Street speculators who threaten a hissy fit sell-off unless they are juiced again and again. Monetary policy has thus become an engine of reverse Robin Hood redistribution; it flails … Continue reading →

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Kamikaze Keynesianism

Posted on January 19, 2013 by

A quick three minute video by Citywire (free!) explains the view of a Norwegian bond fund manager who is rather skeptical of trying to “stimulate” an economy by borrowing. Torgeir Høien, manager of Skagen Tellus, is blunt about the matter, “it won’t work”. Why not? … Continue reading →

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How did Paul Krugman win a Nobel Prize?

Posted on January 10, 2013 by

Paul Krugman clearly decided to go one better than his previous suggestion that an alien invasion would help us get of our current economic slump, and is now suggesting the US Mint creates a $1 trillion dollar coin in order … Continue reading →

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Do we ever need to create more money?

Posted on January 9, 2013 by

Today, all mainstream schools of economics believe in the need to create more money in order for the economy to grow. Keynesianism Keynesians tend to favour money creation during times of recession, to boost “aggregate demand” – roughly speaking, the … Continue reading →

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