…a slide projector and screen and (c) a way to label and store all the images. Online music streaming: NO. I grew up with vinyl and tapes (reel-to-reel, cassettes and…

…“fixed” or “real” or “productive” assets. More money gets spent on investment, and less on consumption. There are all sorts of problems with this notion, empirical and theoretical (notably the…

…inflation so that people spend. 4) The Great Depression was solved by the government spending lots of money and the central bank printing lots of money. Let’s pause here for…

…times before, but it’s nice to see the thinking validated by a real economist. If you’ve got money, there is no (practicable) alternative to “investing” it. (Those are irony quotes:…

…say, “Sir, it looks like you have more money than I have. Please pay for my groceries.” Social Security is you paying now while you have the money for the…

…money to the public to get the economy hopping had no hope of working because there wasn’t a mechanism to get banks to loan money to the public. The Fed…

…doesn’t sound like someone who doesn’t believe that the quantity of money is unrelated to inflation. Its merely someone who believes that the quantity of money alone isn’t the only…

JKH likes this line in Keen’s response to Krugman: The endogenous increase in the stock of money caused by the banking sector creating new money is a far larger determinant…

…as facetious. Given the content of the post—which did not say that Bain actually wanted to lend GM and Chrysler money for their managed bailouts, but instead made the point…

…the corporation the money to get through bankruptcy, in exchange for ownership of the company after its emergence from bankruptcy. In the case of GM and Chrysler, many tens of…