Funding economic development is not “aid” or “charity”, it’s in everyone’s interests to create a stable functioning economy. This is rapidly becoming apparent in the economic chaos caused by the oil-price crash and coronavirus.
Learning from the Marshall Plan as a process of using wealth from a trade surplus to strengthen the international economy.
How Central Banks are providing a tiny amount of the needed global coordination of the financial system through “currency swap lines”.
An explanation of what the saving-investment identity actually tells us about how the economy functions (everything in the blog so far has been leading up to this point).
Last week I introduced the idea of a hierarchy of money. Each level is a claim on the level above: Securities are a promise to…