If you don’t like trade deficits – tax the rich? Eric Lonergan 12th April 2018 Austerity, Economic History, Money in Europe, Theory & Other Problems 1 Has the word ‘deficit’ done more damage than any other in economics? Deficits are bad, surpluses are good. In economics,...
Values in economics Eric Lonergan 21st January 2018 Theory & Other Problems 1 A philosophical aside I feel obliged to declare my biases up front. I've spent almost as much time studying moral philo...
r* and the range of irrelevance Eric Lonergan 29th December 2017 Definitions of Money, Economic History, Finance & Asset Pricing, Monetary Policy 5 Despite the fact that interest rates determine all asset valuations, there is nothing close to a general theory of inter...
Safe asset issuance & the discovery of oil Eric Lonergan 17th December 2017 Finance & Asset Pricing (with guest author, Tristan Hanson) Last month, we made a proposal for a sovereign wealth fund (‘SWF’). It triggered ...
Rethinking Brexit, via Kilkenny & Oxford Eric Lonergan 12th November 2017 Economic History, Money in Europe, Sample Of One 3 Mark Blyth and I have been arguing that nationalism is a global virus, filling the vacuum created by the erosion of poli...
MMT part III – conclusion, and a conversation with Ben Bernanke Eric Lonergan 20th October 2017 Definitions of Money, Economic History, Monetary Policy, Theory & Other Problems 22 My last two blogs have revisited the issue of whether or not base money is a liability of the state. The issue played a ...
