The foundational facts about economic life that should be the starting point for a process of learning how to create an economy that provides enough for everyone. A summary of the entire blog.
Tag: credit
A summary of a brilliant new paper from the IIPP on the need for credit guidance policies, confirming one of the conclusions of the blog 2 weeks ago.
A summary of this section of the blog.
How we all end up being shareholders, and why much of the private sector is, in fact, publicly owned.
How Minsky got it right – his financial instability hypothesis and its relevance today.
In mathematics, risk and uncertainty are different things. Models to predict asset prices treat the uncertainty of investment decisions as if they were quantifiable risks, and hence these models keep making disastrous predictions.
Decisions to invest in different businesses and sectors shape our society for generations to come. How are these decisions made, and how effective are financial markets at channelling credit to those sectors that create the best future for us all?
A detailed look at what QE is, how it worked, and how it has inflated share prices without helping the economy.
Huge concentrations of wealth have distorted and destabilised financial markets, which now need to be reformed.
A summary of this section of the blog.