Financial System

What caused both the Great Depression and the 2008 crisis? Steve Keen Mainstream economists completely missed what caused both the Great Depression and the 2008…

The post What caused both the Great Depression and the 2008 crisis? appeared first on Economic Reform Australia.

Financial markets cannot punish a sovereign government. Here’s why Steven Hail, Stephanie Kelton and Darren Quinn What the UK Mini-Budget Really Proved “You’ve got to…

The post Financial markets cannot punish a sovereign government. Here’s why first appeared on Economic Reform Australia.

On money and banking Ted Trainer Much of the last ERA Review was on money and the banking system, but I do not think that…

The post Letter from: Dr Ted Trainer (NSW) On money and banking first appeared on Economic Reform Australia.

What Quantitative Easing is and the “purpose” behind it Ellis Winningham Quantitative Easing (QE) is nothing more than an asset swap for reserve* liquidity. Orthodoxy,…

Casino Capitalism Lars Syll According to Keynes, financial crises are a recurring feature of our economy and are linked to its fundamental financial instability: “It…

by Patrick Honohan*, Governor of the Central Bank of Ireland (2009-15) That politicians should leave it to central banks to set interest rates in such a way that price stability is maintained (and restored whenever it is lost), has been an article of faith with most economists, especially since the stagflation of the 1970s given […]

Jenny Clark and Theresa Löber The UK’s climate continues to change, getting wetter and warmer, with extremes becoming ever more pronounced. Even if we limit global warming to 1.5°C above pre-industrial levels, experts warn that we’ll see the number and severity of extreme weather events increase further. Without adaptation, we will see more property, infrastructure … Continue reading Adaptation is to mitigation what Robin is to Batman →

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…

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…