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Equilibrium is a core idea of neoclassical economics, but...
Appears to be a persistent fiction
Nov 30, 2024
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Kevin Carney
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Equilibrium is a core idea of neoclassical economics, but...
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Failure...
The history of economic prosperity contains A LOT of failure
Nov 27, 2024
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Kevin Carney
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Failure...
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October 2024
What inflation and quantum mechanics have in common
If you think you understand them, you probably don't
Oct 27, 2024
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Kevin Carney
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What inflation and quantum mechanics have in common
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Free markets
Free of what? Free for who?
Oct 10, 2024
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Kevin Carney
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Free markets
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September 2024
Inflation is bad, deflation is worse
Worse? For who?
Sep 30, 2024
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Kevin Carney
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Inflation is bad, deflation is worse
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August 2024
How the US government "borrows" USD
It involves banking reserves and Treasury auctions
Aug 28, 2024
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Kevin Carney
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How the US government "borrows" USD
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Why we incur debt matters
Debt is neither good nor bad per se, what we use it for is
Aug 26, 2024
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Kevin Carney
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Why we incur debt matters
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Credit expansion banking creates boom and bust cycles
There is a fascinating contradiction at the core of capitalist economic systems
Aug 5, 2024
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Kevin Carney
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Credit expansion banking creates boom and bust cycles
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Credit expansion banking
What it is, how it works
Aug 3, 2024
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Kevin Carney
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Credit expansion banking
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July 2024
Banks create almost all the money we use
We live in a hybrid credit/fiat money system
Jul 21, 2024
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Kevin Carney
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Banks create almost all the money we use
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Why national debts keep growing
Currency issuer deficits are currency user surpluses
Jul 11, 2024
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Kevin Carney
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Why national debts keep growing
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Econ 101: "It ain't what you don't know that gets you into trouble
It's what you know for sure that just ain't so.". Mark Twain
Jul 3, 2024
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Kevin Carney
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Econ 101: "It ain't what you don't know that gets you into trouble
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