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economicsfromthetopdown.com | ||
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www.rogerfarmer.com
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| | | | | [AI summary] The text presents an in-depth exploration of macroeconomic theory through the lens of Roger E. A. Farmer's academic work. It delves into the complexities of monetary theory, equilibrium concepts, and the role of central banks. Key themes include the endogeneity of money, the distinction between exogenous and endogenous money, the implications of liquidity traps, and the evolution of monetary policy frameworks. Farmer's perspective emphasizes the importance of general equilibrium theory, the role of banks in creating money, and the need for central banks to consider broader economic dynamics beyond traditional single-agent models. | |
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evonomics.com
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| | | | | We know virtually nothing about what causes prices. And we will continue to know nothing as long as we believe the neoclassical farce. | |
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professorwerner.org
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| | | | | [AI summary] The text presents a critical analysis of central banks and their role in economic policy, arguing that they have concentrated power, lacked accountability, and contributed to economic instability through excessive independence and unchecked policies. It highlights historical comparisons, such as the Reichsbank's failures, and criticizes the European Central Bank's (ECB) model as being similar to the Reichsbank. The author warns of the central banks' potential to create asset bubbles, financial crises, and use these events to justify structural reforms and centralized control. The text also discusses the push towards digital currencies and centralized monetary systems, suggesting a move toward Orwellian control. The conclusion calls for resistanc... | |
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www.joanwestenberg.com
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| | | Technical debt occurs when software development relies on quick-fix solutions or outdated code to keep systems running smoothly. These temporary patches often serve immediate needs, but over time, they accumulate, slowing down performance and complicating future changes. Collectively, we're facing a similar crisis: a buildup of Cultural Technical Debt | ||
