By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from <a href="http://www.macrobusiness.com.au/2012/04/europes-lunatics-rise/">MacroBusiness.
And so the black cygnets scuttle from the shadows again. Over the weekend, Angela Merkel’s Christian Democrats suffered an...Michael Hudson: Paul Krugman’s Economic Blinders
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College. His new book summarizing his economic theories, “The Bubble and Beyond,” will be available in a few weeks on Amazon.
Paul Krugman is widely appreciated for his New York...
Europe’s Problems Multiply
Yves here. Notice how someone in the officialdom actually said "There is no alternative". Nothing like being explicit.
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.
Overnight, Greek Leftist...Pollsters Say Hollande Has Won French Election
Now it gets interesting...we have a real rift in the EU, or at least the possibility of pushback against austerianism.
Draghi Departs the Solar System
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.
Last night the ECB met in Barcelona and once again held on rates. Mario Draghi opening statement is below. As...
Philip Pilkington: Inflation-Targeting Experiment May Start in Japan… But at What Cost?
By Philip Pilkington, a writer and journalist based in Dublin, Ireland. You can follow him on Twitter at @pilkingtonphil
Rumors abound that a deal is fomenting in Japan that might lead to the inflation targeting proposal that so many progressives champion on their blogs being put in place.
The Renegade Economist Speaks with Ann Pettifor
This is the sort of talk that makes Americans jealous of the British. Heterodox economist Ann Pettifor predicted a global debt deflation in 2003 (!) and critiques conventional thinking in the economics discipline. She also has a wonderfully theatrical ...
Dan Kervick: The Astonishing Case of the Impenetrable Zero Bound
Yves here. I rather like the storytelling format of this post.
By Dan Kervick, who does research in decision theory and analytic metaphysics. Cross posted from New Economic Perspectives
In a small, peaceful town there once lived three people: Abbie, Baker and Carlie.
Satyajit Das: The European Debt Crisis Redux
By Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives – Revised Edition (2006 and 2010). Jointly posted with Roubini Global Economics
The half-life of solutions to Europe’s debt problem is...
Pavlina Tcherneva: No, Mr. Krugman, Bernanke’s Conundrum is Completely Different
By Pavlina Tcherneva, Assistant Professor of Economics at Franklin and Marshall College, Research Scholar at The Levy Economics Institute, and Senior Research Associate at the Center for Full Employment and Price Stability. Cross posted from New Economic Perspectives
Our mainstream colleagues keep banging their heads against the wall. “Why, oh why wouldn’t Chairman Bernanke do...
