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mickanomics.blogspot.com

Mickanomics

A collection of my thoughts on economics.

http://mickanomics.blogspot.com/

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Mickanomics | mickanomics.blogspot.com Reviews
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A collection of my thoughts on economics.
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Mickanomics | mickanomics.blogspot.com Reviews

https://mickanomics.blogspot.com

A collection of my thoughts on economics.

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mickanomics.blogspot.com mickanomics.blogspot.com
1

Mickanomics: August 2013

http://mickanomics.blogspot.com/2013_08_01_archive.html

A collection of my thoughts on economics. Monday, 26 August 2013. Senior economists queue up to dismiss textbook explanations of our monetary system. Standard and Poor's chief global economist describes the Money Multiplier Model as a "defunct idea". And that “Banks can not and do not ‘lend out’ reserves”. Michael Kumhof, Deputy Division Chief, Modelling Unit, Research Department, International Monetary Fund said "the textbook treatment of money in the transmission mechanism can be rejected”. JP Morgan C...

2

Mickanomics: June 2013

http://mickanomics.blogspot.com/2013_06_01_archive.html

A collection of my thoughts on economics. Saturday, 22 June 2013. Banks don’t lend money. Professor Hyman Minsky once wrote “Banking is not money lending; to lend, a money lender must have money. The fundamental banking activity is accepting, that is, guaranteeing that some party is creditworthy. A bank, by accepting a debt instrument, agrees to make specified payments if the debtor will not or cannot”. 8220;Banking is not money lending”? Why would an economist as famous as Professor. It now has value.

3

Mickanomics: April 2014

http://mickanomics.blogspot.com/2014_04_01_archive.html

A collection of my thoughts on economics. Monday, 28 April 2014. Krugman's c* p argument against 100% reserve banking. A few days ago the FT's Martin Wolf wrote an article supporting 100% reserve banking. Then Paul Krugman responded with a short article entitled " Is A Banking Ban The Answer? First of all I suggest that even with 100% reserves, the institutions that manage saving and lending should. Secondly, even if they are not given the name "banks" (lets call them alt-banks for now), a switch to 100%...

4

Mickanomics: January 2014

http://mickanomics.blogspot.com/2014_01_01_archive.html

A collection of my thoughts on economics. Tuesday, 21 January 2014. Share prices with fractional reserve banking. Most people would make two assumptions when considering this market:. 1 People normally buy shares with their money. 2 If they spend say, £1000 on shares, they will have £1000 less money to spend on other things. The near-zero interest rate policy is in force precisely because of fractional reserve banking. And would be entirely unnecessary had we a full reserve system. Mickanomics, the book!

5

Mickanomics: March 2014

http://mickanomics.blogspot.com/2014_03_01_archive.html

A collection of my thoughts on economics. Friday, 14 March 2014. Fractional Reserve Banking on Wikipedia. The fractional reserve banking page on Wikipedia has long been a source of edit-warring. It has generally presented the, now thoroughly discredited, "money multiplier" theory as if it was gospel. But now in the light of this new Bank of England document. Fractional-reserve banking is the current form of banking in all countries worldwide. Tuesday, 11 March 2014. What's wrong with MMT. I have long bee...

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