Thursday, March 26, 2009

Very slow links

Nothing about these four links is quick.

Download the word doc Seven Deadly Innocent Frauds of Economic Policy and spend some time with it. It's Mosler's clearest entry level explanation of post-Keynesianism I've seen, although maybe I'm just used to it by now. The comments are also very good.

From the comments, see what happens when post-Keynesianism meets extreme Monetarism here and here. At the margin, they are not so different, but I'll write soon about why quantitative easing has been such a bust so far, and why it will continue to be a bust.

Finally, I recommend both the post, and the thread, on Interfluidity. Maybe we can help James Surowiecki (whom I've enjoyed reading for years) understand that loans create deposits, not the other way around.


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