Essay giving an overview of serious warnings regarding the economy in the light of the recent bankruptcies of FTX and SVB.
Essay giving an overview of serious warnings regarding the economy in the light of the recent bankruptcies of FTX and SVB.
B. Academic Studies on Sovereign Monetary Theory and Reform Armelius, Hanna & Carl Andreas Claussen, David Vestin. 2020. “Money and monetary policy in times of crisis”. Monetary Policy Department and the Payments Department of the Riksbank. Riksbank of Sweden. Economic Commentaries, 4 (11 June 2020): 1-15. Assenmacher, Katrin & Claus Brand. 2018. “The Swiss … Continue reading “Additions to Bibliography February 2023”
It is an honor to be awarded the prestigious Nobel Prize in Economic Sciences. This year it went to three American economists “for their research on banks and financial crises”. The lucky recipients were Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig and the Swedish committee titled their justification “Financial Intermediation and … Continue reading “Nominating the 2022 Nobel Economics Committee for the 2023 Ig Noble Economics Prize”
Triple-column Comparison between Modern Monetary Theory (MMT), the Actual Monetary System, and Sovereign Monetary Reform (SMR) A while ago I found a very useful double-column comparison of the concept of the monetary system in Modern Monetary Theory (MMT) and how the monetary system actually functions. The figure is titled: “Overview of MMT Flaws Relative … Continue reading “Triple-column Comparison”
Introduction In 2011 I took a sociology class on global social problems. Three texts were required and one of them, Global Problems and the Culture of Capitalism by Richard Robbins, stood out in several ways. The book was very rich in information with many on-the-ground narratives. It had a simple but effective overarching theory; … Continue reading “Global Problems and the Culture of Capitalism”
Two economic researchers, van Egmond and de Vries, at the Sustainable Finance Lab (University of Utrecht, the Netherlands) developed a dynamics model in which the financial system is explicitly included. Their working paper is titled “Dynamics of a Sustainable Financial-Economic System”[1] and it also addresses a sovereign monetary system. After Yamaguchi in 2010 [2] and … Continue reading “Modeling the Financial-Economic System and how to make it Sustainable”
