Huge concentrations of wealth have distorted and destabilised financial markets, which now need to be reformed.
Search Results for: saving part 4
Where do institutional cash pools come from, and why does it matter?
A summary of Zoltan Pozsar’s work, showing how a tidal wave of wealth has gathered in institutional cash pools unnoticed by economists.
A brief look at the huge shift of wealth to the richest in society in the last 40 years, and what lies beneath this.
This is the first anniversary of the blog, and as it happens I’ve just finished 3 months of posts on one subject and am about…
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.
An explanation of the “Efficient Market Hypothesis” – the belief that markets will always price financial assets correctly.
How everything in the blog so far explains the fall in productivity in recent years.
Failing to channel saving to investment will lead to the paradox of thrift, slowing growth in productivity, while simultaneously causing asset price bubbles.
Over the last few weeks I’ve outlined how our current monetary system works, what problems this causes, and briefly outlined some of the ideas currently…