In my first column in this series, I gave Hyman Minsky's explanation of what caused the stagflation of the 1970s—a credit bubble bursting when the…
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After a long period of being low and even negative, inflation is now higher than it has been in almost 40 years. Though still well short of the twin…
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If you're looking for advice about how to make a profit or a capital gain, then my apologies for the clickbait: this post is about how money itself is…
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Half a century of dealing with Neoclassical economists has taught me to expect them to have zero comprehension of the bleedingly obvious, when the…
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Why Neoclassical economists know nothing about the impact of less energy availability on GDP
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In my last column, I explained how both governments and banks create money. The basics are incredibly simple—so simple, in fact, that the great…
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The Volcker recession of 1981-82 crushed inflation out of the economy, and presented economists with a new challenge: rather than high and rising…
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The wonderful discussion I had with Lex Fridman has led to a lot of people being exposed to my approach to economics for the first time. About 250,000…
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In his latest column "Wonking Out: Taking the 'Flation' Out of Stagflation", Paul Krugman postulates that the "Phillips Curve"—the relationship between…
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Lex is the master of the long form interview, and this three and a half hour conversation dived extremely deeply into my analysis of economics. It took…
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Many critics of mainstream economics believe that economists are in the pocket of Big Business: that they're paid shrills who say what their corporate…
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Are there secret men running the world?Listen now (31 min) | Conspiracy theorists reckon unelected officials are trying to control the world by controlling the money supply. Are they right?
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