…Pierangelo Garegnani, and American Post Keynesians who focused on uncertainty and the role of money led by Paul Davidson. In between them was a more British and Australian based group,…

…benefits in exchange for the pittance of slightly higher taxes on the upper crust. The article goes even further astray at the end with its label of a “two-part deal”…

…matters is the price paid to Fannie/Freddie/Ginnie not the price on the secondary market. That is, the price that matters is the price of new MBS — the money sent…

…seen as penalties on withdrawing money from one’s business for the purpose of consumption, which means they discourage business owners from taking profits out of their business. The alternative to…

…cost “a quarter of a trillion dollars” perhaps hoping people are still scared by the label rather than the number. Because in the context of a $750 billion TARP package…

…of real output. Crowding out was a new label for what Keynes had referred to as the Treasury View, which Winston Churchill elaborated in 1929: The orthodox Treasury view, and…

…made the call (CDS) on other nonbank firms such as AIG leaving AIG in dire straits as the money, the reserves were already paid out in dividends and bonuses. Greenspan…

…exact same logic implies that the costs of steady inflation are tiny. They include costly efforts to reduce money holding (shoe leather costs) and the costs of updating prices (menu…

…be understood. Who I am going to pick on, although not too much really, are some reporters and commentators I shall simply label as pundits, “whining pundits” to be precise….

…Hell, she doesn’t even know their credit rating.  If the problem with gentrification is that working class people are pushed out of their homes and communities, it’s about money, not…