Monthly Archives: December 2012

Japan to take civilian control of monetary policy and to coordinate with fiscal policy.

We’re soon to get a pretty good real world test of the stimulative effectiveness of MMT’s deficit and monetary theories. by Tim DuyDecember 25, 2012 The potential exists for groundbreaking changes in Japanese economic policy – and I sense that … Continue reading

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Why Don’t Bad Investment Theories Ever Die?

by Barry RitholtzDecember 22, 2012 “The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.” — Joan Robinson This time of year is … Continue reading

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More Monetary Stimulus with New Targets.

Bloomberg NewsDecember 13, 2012 Chairman Ben S. Bernanke moved the Federal Reserve further into uncharted policy territory in combating joblessness by tying the bank’s interest-rate outlook to unemployment and inflation, while committing to an even faster expansion of the central … Continue reading

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