Tag: Monetary policy
Pop goes everything
The years since the 2008 financial crisis have been among the strangest in the history of monetary policy. Interest rates have been lower than...
Essays on modern monetary policy pt. 3: The folly of negative...
Business history, of a sort, was made last week by the French pharmaceutical company, Sanofi, its blood thinner Plavix familiar to those with arteriosclerosis,...
Essays on modern monetary policy pt. 2: Ponzi schemes and Ricardian...
Last week, I reiterated the immutable foundation of double-entry bookkeeping. For every financial asset there is a corresponding financial liability.
But it may not be...
