How the efficient market hypothesis justified deregulation of financial markets, leading the to the extreme chaos, inefficiency and instability we see in these markets today.
Tag: prices
A brief explanation of how GDP is calculated, to lay a foundation for the next two posts.
Decisions about who to allocate credit to, and how much credit to allocate, are absolutely fundamental to the path the economy takes in the future.…
We saw last week that to complete our model of Dynamicland we need to have a way for the money supply to increase to keep…
In the last 2 weeks we’ve seen that to have an economy with increasing productivity we need investment (which we’ve defined in economic terms) and…