Monthly Archives: March 2012

Why Krugman is wrong, and how. The importance of debt.

Finally a clear description of how the economics profession is failing us.  I’ve heard time and again that they don’t include banks in their equations, and never quite understood what that meant.  Leave it to the very clear writing of Steve Keen … Continue reading

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Savings, good for me, bad for you. Economics 101

George W. Bush famously said after 9/11 that Americans should go out and spend.  To many this seemed like a dumb idea – when in a recession, we should hunker down, save, not spend.  But he was partially right.  While savings … Continue reading

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