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April 2012

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10

crabapples

April 27, 2012 – Comments (8)

I have no opinion of Apple, I don't use their products. I am neither bullish nor bearish on them.  [more]

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12

Cameron’s Remarkable Achievement

April 25, 2012 – Comments (5)

I don't often agree with Krugman, but he is right on with this one.  [more]

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For everyone who continues to parrot the phrase "Japan is different" you really need to watch this

April 19, 2012 – Comments (7)

Many of us have discussed the fact the problems that most developed economies face is that all of their private sectors are in a balance sheet recession. This is something that has been described by Richard Koo, and I have referenced many times. Specifically Koo's work show that the Japanese experience over a decade ago is a prototype for what the developed economies are now facing. Yet the practically knee-jerk reaction to this is: "Japan is different".   [more]

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4

When credit creation helps and hurts, Financialization of economies

April 16, 2012 – Comments (0)

Below is a talk by Dirk Bezemer from the INET conference. It is excellent, and is well worth 25 minutes of your time. Is the financial sector inherently evil? The answer is no. It has a role in all modern economies by factilitating the dispersion of resources. There is a cost (inefficiency) associated with this, but for low levels of bank credit creation more good than harm occurs. But there becomes a point when the finacial sector and financial transactions becomes so large that credit flow to the real economy (which support captial formation) is far outpaced by credit flow to financial and asset markets, which create bubbles and eventually instability.  [more]

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6

Tony Robbins, please watch this video

April 13, 2012 – Comments (4)

Tony Robbins has a viral video going around. I think the video below by Cullen Roche is a significantly better / more accurate video in describing our monetary system and what the real and potential economic problems are (and which ones aren't).  [more]

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7

Just Eliminate The Debt Ceiling

April 11, 2012 – Comments (11)

Amen  [more]

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10

Carbon nanotubes: The weird world of 'remote Joule heating'

April 10, 2012 – Comments (3)

More carbonaceous awesomeness. I like the potential CPU applications a lot.  [more]

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0

Quantitative Easing, Links and a Primer

April 09, 2012 – Comments (0)

Excellent summary of the most relevant points regarding QE. I have also written several post that discuss the realities of QE, OMO and US Government bonds in more detail as well:  [more]

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7

Open Mouth Operations

April 06, 2012 – Comments (12)

Fantastic post by Ramanan discussing the central bank operations and its lack of control over the money supply. Central banks defend/maintain interest rates (price) not the money supply (quantity). This is in direct opposition to what many mainstream economists say occurs with central bank operations.  [more]

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6

Monetary Policy Distortions

April 05, 2012 – Comments (2)

Very good post by Michael Sankowski  [more]

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8

Quantum Computer Built Inside a Diamond

April 04, 2012 – Comments (4)

This is super cool.  [more]

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10

Banks are not 'Mystical'

April 02, 2012 – Comments (24)

If you have been following this, there has been public debate / back and forth between Paul Krugman and Steve Keen regarding banking operations. If you want to read a very good detailed post regarding why Paul Krugman's statements on this matter are incorrect, please read this post by Scott Fullwiler who has probably the deepest understanding of monetary and banking operations of any economist: Scott Fullwiler: Krugman’s Flashing Neon Sign. The post is very long and detailed, which is important because the details most certainly matter in this debate.  [more]

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