…Grauwe on sovereign and eurozone debt; Martin Wolf on private sector savings and public sector deficits (the financial balance approach); Richard Koo on the implications of a “balance sheet recession”…

…speech last week: To the extent that the size of these sovereign premia hampers the functioning of the monetary policy transmission channel, they come within our mandate. I referred to…

…our monetary system (as a result of legislative diktat), thinking about it this way results in an odd conceptual situation. We end up with a sovereign currency issuer (Treasury) that…

…make good on their obligations in full or on time — is utterly laughable. Let’s sidebar the reality—that there is no true “market” for CDS in general, let alone Sovereign…

…would allow multinationals to expand their quasi-sovereign rights without saddling them with a strong obligation to comply with international norms respecting human rights. Rights without obligations are invitations to corruption….

…He’s riffing on the the idea that tax obligations are the ultimate source of sovereign currencies’ value, the reason everyone has to accept that currency’s value, but I think he’s…

…want cushier than the universal coverage. We need federal enforcement of anti-trust, so that multinationals lose their aura of quasi sovereign status and can’t get “too big to fail”. (if…

…the EU leaders (Germany, mostly) and the IMF: Marshal Auerback: Greece and the Rape by the Rentiers (Feb. 10, 2012). The austerity demands, in order for a sovereign nation to…

…EA current account deficit is now funding through international asset flows into debt, equity, and lending markets. Given the deterioration of the sovereign debt crisis, I wouldn’t be surprised if…

…ignores the reality of perpetual life, managerial renttaking, and “personhood” of corporate quasi-sovereign entities in today’s “free market” globalized economy. Mitchell then asserts that getting rid of deductions and “other…