Rogue Economist Rants

  Will paying for Russian Oil and Gas in roubles result in the fall of the dollar as global reserve currency? Background on Russia's inv...

These days I keep reading about NGDP targeting , as it keeps being mentioned more and more everywhere. It seems to be another zombie idea ...

"Why Nations Fail" is different from a lot of development books. It neither focuses on specific policy proposals, and neither d...

Mike Sankowski has a good primer over at MMR on the fallacies about the 'natural rate'. His main points: The NRoI doesn’t exist If...

In this post I want to highlight an interesting discussion I had over at MNE with other commenters about banks and their ability to print m...

I want to highlight in this post the flourishing barter system in Greece. It is one that grew out of necessity, due to the lack of circulati...

Mainstream economists believe that since for every buyer there is a seller, they take this logic to the notion of bank lending, and assume t...

This is a reply to geerussell’s question at MNE. It’s too long to post in the comment section. To give you a better illustration of my poin...

Bill Mitchell has a post with a re-exposition of the JG, and this is a repost of some comments I made there trying to clarify the mechanism...

Iceland wants to adopt the Canadian currency, eh? What's that aboot? Iceland, which had to bail out its banking system in 2008, and th...

This post builds from a comment I made here .  It's a reaction against the point that it's okay for a country to lose manufacturing ...

We're now on year 4 of ZIRP, and it looks like things are going to be like this for awhile to come.  I'm not on the funding desk of ...

Three years ago, I wrote, tongue-in-cheek,  that we may be seeing the beginning of the end of the nation-state.  Because of four decades of ...

Cullen Roche , along with TC and Beowulf, have a new initiative, to flesh out a quasi-MMT economic paradigm, and will likely start website ...

Scott Sumner today writes: Of course wages are not flexible, but if NGDP was raised sharply then aggregate nominal wages would not rise as f...