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uneasymoney.com | ||
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www.clevelandfed.org
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| | | | | The recent global financial crisis left governments in many advanced countries with very heavy debt burdens and their central banks with huge portfolios of government bonds. With many central banks today still facing policy rates that are uncomfortably close to zero, some may follow the example of Japan, which recently added a new long-term interest-rate target to its short-term target to give itself "yield-curve control." The Federal Reserve's foray into similar territory around the Second World War sug... | |
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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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baselinescenario.com
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| | | | | By Simon Johnson, Ronald A. Kurtz Professor of Entrepreneurship, MIT Sloan School of Management The plan is based on sound economic and fiscal assumptions and allows for the implementation of policy initiatives without tax increases. This note provides my assessment of the financial viability of Stacey Abrams' budget plan for the state of Georgia through... | |
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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... | ||
