[embedded content] The webinar on Policies for Prosperity organized by LP Rochon, and with Tom Ferguson, Mario Seccareccia, and Anna Maria Variato. There was some glitchy at the beginning and Tom's talk was not recorded. Mine starts in minute 29.
Read More »Britain was not “nearly bust” in March
"Britain nearly went bust in March, says Bank of England", reads a headline in the Guardian. In similar vein, the Telegraph's Business section reports "UK finances were close to collapse, says Governor":Eh, what? The Governor of the Bank of England says the UK nearly turned into Venezuela? Well, that's what the Telegraph seems to think: The Bank of England was forced to save the Government from potential financial collapse as markets seized up at the height of the coronavirus crisis,...
Read More »Britain was not “nearly bust” in March
"Britain nearly went bust in March, says Bank of England", reads a headline in the Guardian. In similar vein, the Telegraph's Business section reports "UK finances were close to collapse, says Governor":Eh, what? The Governor of the Bank of England says the UK nearly turned into Venezuela? Well, that's what the Telegraph seems to think: The Bank of England was forced to save the Government from potential financial collapse as markets seized up at the height of the coronavirus crisis,...
Read More »Sulla riapertura degli atenei
Da Micromega on line. Apertura atenei: adelante con juicio di Sergio Cesaratto Studenti e docenti sono ancora nell’incertezza circa la riapertura degli Atenei il prossimo settembre, e soprattutto circa “quale riapertura”. Se studenti e docenti risultano totalmente esclusi dalle decisioni, essi non appaiono peraltro unanimi nel merito. Gli atenei, a loro volta, sembrano procedere in ordine sparso, in ossequio al modello delle autonomie disordinate che pare prevalere nel Paese. Una...
Read More »The impact of Covid-19, Interview with Stavros Mavroudeas – CASS (Chinese Academy of Social Sciences)
Following is an interview for a course conducted by the Chinese Academy of Social Sciences (CASS). It will appear in a chinese publication. The impact of Covid-19 Prof. Yu Haiqing, CASS Interview with Stavros Mavroudeas (Professor of Political Economy, Panteion University, Athens, Greece) It is said that the COVID-19 epidemic is the most prominent systemic risk test in the field of public health that the world has faced since the Second World War, highlighting the contrast between...
Read More »Pandemic economics: the role of central banks and monetary policy
Below are the slides from my presentation at Beyond Covid on 12th June. The whole webinar can ve viewed here.The pandemic seems to me to resemble the "nuclear disaster" scenarios of my youth: hide in the bunker, then creep out when the immediate danger is over, only to find a world that is still dangerous and has fundamentally changed in unforeseeable ways. Rabbits hiding from a hawk is perhaps a kinder image, though hawks don't usually leave devastation in their wake. And I like rabbits. So...
Read More »Pandemic economics: the role of central banks and monetary policy
Below are the slides from my presentation at Beyond Covid on 12th June. The whole webinar can ve viewed here.The pandemic seems to me to resemble the "nuclear disaster" scenarios of my youth: hide in the bunker, then creep out when the immediate danger is over, only to find a world that is still dangerous and has fundamentally changed in unforeseeable ways. Rabbits hiding from a hawk is perhaps a kinder image, though hawks don't usually leave devastation in their wake. And I like rabbits. So...
Read More »So when did this recession start, exactly?
Is the U.S. in recession? If so, when did the recession start, and what caused it? The usual economic definition of "recession" is two successive quarters of negative GDP growth. But in Q1 2020, growth was positive, though it was apparently slowing sharply (more on this shortly):So using the standard economic definition, the U.S. is not yet in recession.But according to the Business Cycle Dating Committee of the National Bureau for Economic Research (NBER), the U.S. entered recession in...
Read More »So when did this recession start, exactly?
Is the U.S. in recession? If so, when did the recession start, and what caused it? The usual economic definition of "recession" is two successive quarters of negative GDP growth. But in Q1 2020, growth was positive, though it was apparently slowing sharply (more on this shortly):So using the standard economic definition, the U.S. is not yet in recession.But according to the Business Cycle Dating Committee of the National Bureau for Economic Research (NBER), the U.S. entered recession in...
Read More »The Cummings Show
Monday afternoon, 25th May 2020. A beautiful, warm day on which to watch our new overlord make his first speech to the nation. I refer, of course, to Dominic Cummings's press conference.The Daily Mirror and the Guardian had revealed that Cummings had gone to stay in a family cottage near Durham at the end of March, and that he had also been seen in Barnard Castle, about 30 miles from Durham. The country was under full lockdown at the time, with non-essential travel completely banned, so both...
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