Mickanomics
Mickanomics Blogspot. A collection of my thoughts on economics..
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Best pages on Mickanomics.blogspot.com
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A collection of my thoughts on economics.
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Mickanomics: The value of money. A computer simulation.
Back in March I wrote a blog entry on the value of money in which I suggested a mechanism whereby it may be possible to write a computer si...
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Mickanomics: How to improve the study of economics - two ideas.
There is a very marked difference between the progress of most sciences and the progress of economics. In most sciences people come up with ...
Mickanomics.blogspot.com news digest
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6 years
MMT an intellectual slight of hand
Imagine you pour some water into a bucket at a rate of one litre per minute... a minute goes by... how much more water is there in the bucket compared to when you started? One litre more? I hear you say. Wrong! I forgot to mention that there was a hole...
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8 years
George Osborne guides UK on unsustainable trajectory
Ask yourself this question: When have house prices in the UK ever been higher?
According to the Halifax House Price Index, the only time prices have been higher, as a multiple of average earnings, was just in the run up to the crash of 2007/8. And as you can see from the graph below, we are now on course reach or exceed those levels... -
8 years
Not meaning to gloat or anything but...
Mark Carney and other central bankers have been trying to persuade us that higher interest rates are coming any moment now - for years!
Not meaning to gloat or anything but, in my book (published July 2011) I did say: After "bursting of any asset bubble"... "Society can get locked in to low rates, painted into a corner."... -
8 years
MMT and The Problem with Government Bonds
Proponents of MMT are fond of arguing that the amount of government debt, i.e. the amount government bonds, that a government creates is not a problem. I have to take issue with this idea. The problem is that the interest on government bonds is paid...
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Web host: | Google LLC |
Registrar: | MarkMonitor Inc. |
Registrant: | Google LLC |
Updated: | June 29, 2023 |
Expires: | July 31, 2024 |
Created: | July 31, 2000 |
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