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Read More »The Ricardian vice
The completeness of the Ricardian victory is something of a curiosity and a mystery. It must have been due to a complex of suitabilities in the doctrine to the environment into which it was projected. That it reached conclusions quite different from what the ordinary uninstructed person would expect, added, I suppose, to its intellectual prestige. That its teaching, translated into practice, was austere and often unpalatable, lent it virtue. That it was adapted to carry a vast...
Read More »The money multiplier — neat, plausible, and utterly wrong
The money multiplier — neat, plausible, and utterly wrong The mainstream textbook concept of money multiplier assumes that banks automatically expand the credit money supply to a multiple of their aggregate reserves. If the required currency-deposit reserve ratio is 5%, the money supply should be about twenty times larger than the aggregate reserves of banks. In this way, the money multiplier concept assumes that the central bank controls the money supply...
Read More »Venus
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Read More »In defense of DAGs
In defense of DAGs .[embedded content]
Read More »Mobileländet i svensk skola
Mobileländet i svensk skola I en debattartikel i Aftonbladet idag lyfter Tidöpartierna baksidorna med att tillåta mobiltelefoner i skolan. Efter att ha varit ute och besökt en rad skolor under några veckors tid kan yours truly inte låta bli att fundera över saker man skulle vilja ändra och förbättra. Och en och annan undran kan man ju också kosta på sig. Som t ex varför vi i vårt land inte följt det franska beslutet att totalförbjuda mobiltelefoner i...
Read More »En svensk musiklegendar
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Read More »Ekonomins kvinnliga revolutionärer
Apokalypsens fyra ryttare är här – för att dra ned brallorna på de neoklassiska ekonomerna. I det tysta pågår en revolution inom det ekonomiska fältet, och längst fram på barrikaderna står en grupp kvinnliga forskare. Det kan vara svårt att känna hopp när både höstens och den reaktionära samtidens mörker lägger sig över oss. Därför vill jag lyfta något som ger mig politiskt d-vitamin. Det handlar om en pågående ekonomisk-politisk revolution, som leds av fyra stencoola...
Read More »Krugman to Lietaer: “Never touch the money system”
Krugman to Lietaer: “Never touch the money system” [embedded content]Bernard Lietaer (1942-2019) was a former professor of international finance and president at the Central Bank of Belgium. One of our greatest monetary thinkers, and contrary to Krugman et consortes, he dared to talk about — and question — our monetary system!
Read More »Beware the Gray Ghost
Beware the Gray Ghost [embedded content] For my daughter Tora and son David — with whom, when they were just little kids, yours truly spent hours and hours watching this series (now available on Netflix) back in the 1990s. You were my heroes then. You still are.
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