Tag Archives: Keynes

A link with realism on European QE by Francesco Saraceno

He makes some very basic points, that may indicate that QE will not work because we are still in a situation of deficient demand. Also he points out the absurdness of some Draghi’s comments.

Philip Pilkington: The Efficient Markets Hypothesis Has Been Proved Wrong But Economists Do Not Want to Listen

http://www.nakedcapitalism.com/2014/09/philip-pilkington-efficient-markets-hypothesis-proved-wrong-economists-want-listen.html

The same thing has been said many times but it is useful to remember, especially with such great arguments thrown in.

Link

Abenomics leads the Rehn-Merkel Doctrine 3.5 to -0.8

Abenomics leads the Rehn-Merkel Doctrine 3.5 to -0.8

A study in differences. Economists must have a field day when there are such clear ‘natural experiments.’ Shame politicians and other actors still don’t understand. Yesterday a local business representative said that he doesn’t ‘do’ theory and that in the real world things work different – we must tighten, slash expenses etc. otherwise we are on the road to Greece. Unfortunately, there was no time for a response in the seminar but people like that prevent recovery.