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Roving Cavaliers of Credit
Read Some Minsky
Monetary Profits Paradox
Are We "It" Yet?
Monetary Multisectoral Model
"No-one saw this coming"?
Why the Crisis is not over
Deleveraging with a twist
Bernanke doesn't understand the Great Depression
The Case Against Bernanke
Rescuing the Bubble
Australian house prices
Competition No Panacea
House Prices & Banks I
House Prices & Banks II
Lectures on Endogenous Money
Debt and Australian housing
BBC HARDtalk Interview
INET Interview on why I saw "It" coming
Niall Ferguson has just made the first call for widespread debt rescheduling that I have seen published in a major newspaper–today’s Australian, and I am sure it is reproduced in many newspapers around the world (if your local paper is owned by News Limited, there’s a good chance that you will find it there).
The …
My railing against the economics profession on this blog might give you the impression that I’m a lone wolf, taking on the economics profession single-handedly. I’m pleased to say that’s not the case; though the rebels are outnumbered by the True Believers in neoclassical economics, there are many academic economists who are critical of …
Alex Mitchell is one of the political writers I’ve always enjoyed reading. Today he excels himself in The New Matilda, with a post on other journalists–specifically economic journalists–that really goes for the jugular.
Overall I think Anatole Kaletsky is on the more important track, to destroy the unjustified credibility of the academic neoclassical economists whose …
Australia’s previous Liberal Party Prime Minister John Howard “came out swinging” last night in support of the policy agenda his government shared with the preceding Labor Party government of Bob Hawke and Paul Keating: ”neoliberalism” (for non-Australian readers, the Australian Liberal Party is closer to the US Republican Party or the UK’s Tories than …
As regular readers of this blog know, I argue that the dominant school of thought in economics, “Neoclassical economics”, is not only incapable of explaining this crisis, but actually helped contribute to it by its deluded analyses of finance and money.
I wrote Debunking Economics eight years ago to explain why Neoclassical economics was inherently …
Frontline is running a special on the financial crisis:
http://www.pbs.org/wgbh/pages/frontline/meltdown/
It should make interesting viewing. It will be available from 9pm New York time on February 17th–which I think means midday or thereabouts on the 20th, Sydney time.
I’m off to work with the CSIRO for a few days on modelling, and I may not be able to keep up with blog comments as well as I’d like to.
I’ve also had a correspondent who is prevented from posting to the blog by a too-strict Internet censoring policy in the country he’s currently …
The calendar widget that I’ve added the the site recently (see the left hand side bar below the login section) is great, but has an annoying bug: it gets the date right, but the day of the week wrong.
My guess is that this reflects if US origins, and the author has set it up …
I’ve recently added a Calendar widget to the blog–just below the login widget on the left hand side.
I will use it to maintain a calendar of upcoming public events–and also conferences where I am speaking–as well as media coverage, if I get enough notice of it. The widget is very well designed–days coloured red …
There’s an interesting post on the Atlantic by Jim Manzi, Stimulus predictions: put up or shut up, that calls on economists who are making predictions about what Obama’s stimulus package will or won’t do to present their models on which these predictions are based.
In part, he says:
So here’s what we would need to falsify a …
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