Hyman Minsky, and the financial instability hypothesis Steven Hail A simple explanation of why our economy goes up, up, up, then down, down, down! Hyman…
Financial System
Trying to save money? Our research suggests it is better to pay in cash – while you still can Lachlan Schomburgk, Alex Belli and Arvid…
Where did money come from? Steven Hail For the most part, economists continue to believe a story of money told to generations of students by…
Lessons from Australia in solving Argentina’s economic crisis Steven Hail With Argentina facing dire economic challenges, Steven Hail offers recommendations for recovery based on lessons…
“Complexity” in economics Maria Alejandra Madi This blog has been extracted by the author from her longer article which appeared in Real World Economic Review,…
Rethinking banking as a public franchise Offering economists a more accurate metaphor – Tom Foster Australians are very familiar with the concept of a franchise…
The aerodynamics of chartalism J.D. Alt Critics of MMT often say, “but it’s only ‘chartalism’” as if chartalism, itself, is a discredited explanation of reality…
Finance and crypto are waste and a drag on the economy Dean Baker As everyone learns in Econ 101, and immediately forgets, the purpose of…
The RBA’s balance sheet Dispelling the accounting confusion Steven Hail If Megacorp A owns Business B, then it is sound accounting practice to include the…
The post The RBA’s balance sheet first appeared on Economic Reform Australia.The looming quadrillion dollar derivatives tsunami part 2 Ellen Brown The Perverse Incentives Created by “Safe Harbor” in Bankruptcy In The New Financial Deal: Understanding…
The post The looming quadrillion dollar derivatives tsunami – part 2 first appeared on Economic Reform Australia.