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RALPHONOMICS
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Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectu
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RALPHONOMICS RALPHONOMICS Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics. Sunday 28 November 2021 Deposit insurance is a taxpayer funded gift to private banks and the wealthy. Over the two thousand or more years for which banks have existed, banks have never ceased to make the entirely dishonest promise to depositors that their money is safe. And with equally monotonous regularity it has transpired (as should have been obvious all along) that the latter promise is indeed spurious and dishonest. (For some literature on banks over the last two thousand years, see for example Fuller, E.W. (2019). 100% Banking and Its Advocates: A Brief History. Cobden Centre. https://www.cobdencentre.org...
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14 - cusp.ac.uk, mpra.ub.uni-muenchen.de, journals.scholarpublishing.org, books.ksplibrary.org, ideas.repec.org, bilbo.economicoutlook.net, app.keysurvey.co.uk
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71 - blogger.com, medium.com, margemsub.blogspot.com, larspsyll.wordpress.com, mikenormaneconomics.blogspot.com, twitter.com, dropbox.com, youtube.com, printingmoneyisgood.blogspot.com
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