Philip Pilkington: Are the Irish People to Blame for Reckless Borrowing?
By Philip Pilkington, a journalist and writer living in Dublin, Ireland
Recently the Irish Taoiseach Enda Kenny pandered to his base once again by saying that the Irish people are to blame for the current state of their economy due to reckless borrowing undertaken during the boom years. I refer not to his base in Ireland,...
Philip Pilkington: Is QE/ZIRP Killing Demand?
em>By Philip Pilkington, a journalist and writer living in Dublin, Ireland
Warren Mosler recently ran a very succinct account of why the Fed/Bank of England’s easy monetary policies – that is, the combination of Quantitative Easing and their Zero Interest Rate Programs – might actually be killing demand in the economy.
Warren Mosler...
Paul Davidson: What Makes Economists So Sure of Themselves, Anyway?
By Paul Davidson, America’s foremost post-Keynesian economist. Davidson is currently the Holly Professor of Excellence, Emeritus at the University of Tennessee in Knoxville. In 1978 Davidson and Sydney Weintraub founded the Journal for Post-Keynesian Economics. Davidson is the author of numerous books, the most recent of which is an introduction to a post-Keynesian perspective...
American Exceptionalism and Euro-Bashing, Adam Davidson Style
Adam Davidson has an article in the Sunday New York Times Magazine, "The Other Reason Europe is Going Broke," that manages the impressive feat of making you stupider than before you read it. It misrepresents most of the few facts it contains in appealing to American prejudices about our cultural, or in this case,...
Philip Pilkington: Bubbles and Beauty Contests – To What Extent is Keynes Relevant to Investors?
By Philip Pilkington, a journalist and writer living in Dublin, Ireland
There are some strange and interesting passages in Keynes’ General Theory of Employment, Interest and Money – and it is these, I think, that give it its deserved status as a classic. Many of these passages are the tangential reflections of a man –...
