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rogueeconomistrants.blogspot.com

Rogue Economist Rants: March 2012

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Conventional approaches, unconventional conclusions. Wednesday, March 28, 2012. A phenomenon that loanable funds theory can't explain. Mainstream economists believe that since for every buyer there is a seller, they take this logic to the notion of bank lending, and assume that for every borrower, there is a lender, with banks just bringing them together. And they further assume that when a borrower needs to increase his consumption, a lender needs to curtail his, to provide the necessary funds. No inter...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: October 2011

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Conventional approaches, unconventional conclusions. Sunday, October 30, 2011. Is there a good reason and target for doing QE now. How about targeting a desired fiscal spending level. Yes But is QE2 necessary to ensure that funds are available for the next government bond auctions? How about targeting currency value. Instead, and a race to the bottom? Maybe a good metaphor for QE is releasing the kraken. Posted by Rogue Economist. Links to this post. Friday, October 21, 2011. I still really cannot get my...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: July 2011

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Conventional approaches, unconventional conclusions. Saturday, July 30, 2011. Does increasing nominal asset values lead to more spending; increasing money stock lead to increasing velocity; higher velocity to higher price level. Does increasing nominal asset values lead to more spending. Is there a sizeable number of private households that own government bonds, and have a sizeable demand for money for transactions? Also, even if there were a few who do, at some tradeoff point, selling may indeed become ...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: A workable JG proposal should be flexible, either on the 100% guarantee, the wage, or duration

http://rogueeconomistrants.blogspot.com/2012/03/workable-jg-proposal-should-be-flexible.html

Conventional approaches, unconventional conclusions. Monday, March 19, 2012. A workable JG proposal should be flexible, either on the 100% guarantee, the wage, or duration. Bill Mitchell has a post with a re-exposition of the JG, and this is a repost of some comments. I made there trying to clarify the mechanism that ensures workers automatically leave the JG job in an expanding economy. What is the mechanism that ensures workers leave the JG job in an expanding economy? I’m not against the JG as a...

ibankerjokes.blogspot.com

Investment Banker Jokes: September 2009

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A collection of my favorite investment banker jokes. Tuesday, September 29, 2009. I posted this earlier in my IBanker blog. Under a more "formal" title, consistent with the character of that blog. But since this is a jokes blog, I thought my title here could be more down to earth- where I could call a spade a spade. Here goes the story:. Once upon a time, in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. In the absence of the man, the assistant told the v...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: Mr Default Buyer and cow inflation

http://rogueeconomistrants.blogspot.com/2012/03/mr-default-buyer-and-cow-inflation.html

Conventional approaches, unconventional conclusions. Tuesday, March 20, 2012. Mr Default Buyer and cow inflation. This is a reply to geerussell’s question. At MNE. It’s too long to post in the comment section. Now what happens when milk-based pastries, cream cocktails, and milk sauces become the norm? Bidding for the remaining 110 cows, or for any of the others willing to transfer from some other farmer customers, probably starts at $170. Maybe Mr Default still will 80 cows left afterwards, but cow i...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: Why NGDP targeting?

http://rogueeconomistrants.blogspot.com/2012/05/why-ngdp-targeting.html

Conventional approaches, unconventional conclusions. Friday, May 4, 2012. These days I keep reading about NGDP targeting. As it keeps being mentioned more and more everywhere. It seems to be another zombie idea taking on more life of its own. It's basically the idea that the current crisis will permanently be solved by the Fed credibly communicating to the people that it will start targeting 4-5% annual growth in nominal GDP level, from here on. And in keeping rates low, or causing more inflation, how is...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: August 2011

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Conventional approaches, unconventional conclusions. Wednesday, August 31, 2011. Should we bring back reserve requirements for banks? This post grew from a back and forth discussion with a commenter at Seeking Alpha. The commenter's position. Was that taking away the reserve requirement was an mistake, and in substituting quantitative control of bank reserves with control of interest rates instead, central banks ended up with a less useful control lever for money supply. And if you disagree with Fed cont...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: January 2012

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Conventional approaches, unconventional conclusions. Friday, January 27, 2012. Some suggestions to improve MMT and the JG proposal. And Beowulf, have a new initiative, to flesh out a quasi-MMT economic paradigm, and will likely start website dedicated to it. This paradigm seeks to incorporate all, if not most, MMT insights on monetary and banking operations into its thinking while doing away with the controversial JG component of MMT. They call this new MMT offshoot Monetary Realism, or MR. I ask because...

rogueeconomistrants.blogspot.com

Rogue Economist Rants: April 2012

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Conventional approaches, unconventional conclusions. Tuesday, April 24, 2012. Why Nations Fail, a review. Do they know for a fact that they will have a voice going forward, to ensure that their economic interests are protected and represented, or will they lose out to an elite that's suddenly given a monopoly on their industry? Written by Daron Acemoglu, MIT professor of Economics; and James Robinson, Harvard professor of Government. Posted by Rogue Economist. Links to this post. Thursday, April 19, 2012.