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Worthwhile Canadian Initiative: Money as store of wealth?
I agree the store of wealth function is by far the weakest function of money, and the unit of account the strongest. You just need enough of this storage function to keep people using it for the unit of account and medium of exchange.
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Eric Sprott On Unintended Consequences | ZeroHedge
They really think we’re heading for hyperinflation
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The Death Star is a Surprisingly Cost-Effective Weapons System | Mother Jones
Sweet! I think we should deregulate Death Stars in advance so we can all have our own for personal protection.
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Study Hacks » Blog Archive » Don’t Know What To Do With Your Life? Seek Bargains.
If you have a teenager in your life, get them one of Cal Newport’s books
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Do low taxes on capital gains spur growth? Not necessarily. – The Washington Post
Turns out lower capital gains taxes don’t drive investment. In other news, the sky is probably blue, according to a 12 year study by economists. This controversial finding is disputed by University of Chicago professor John Cochrane – and we have him with us in the studio today.
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Izabella Kaminska: Why MMT is Like an Autostereogram « naked capitalism
Izabella again, this time at NC.
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FT Alphaville » Why MMT is like an autostereogram
Izabella Kaminsky talks about MMT. Really it’s MMR, because MMT requires the JG to be MMT.
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A Return To The Gold Standard Could Destroy The Modern Economy – Seeking Alpha
Good article on MMT from a CFA over at Seeking Alpha. It’s good to see this type of strong stand over the gold standard. It would ruin our economy.
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Leaker of Stimulus Memo Uncovered? – ABC News
The story isn’t the leak, it’s the fact they deliberately cut out the necessary amount of spending. And it wasn’t just Summers, it was my man Orszag too. What the hell were they thinking? I argued for more stimulus two weeks before Krugman when I wrote a few posts over at Kos. I got huge push back from the morons over there.After Krugman wrote it, the entire site was lit up with saying we needed more stimulus.
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The “Can’t Find Workers” Meme : CJR
Just more evidence on our messed up trade policy
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Modern Monetary Theory’s Big Weekend: The Problem with Surpluses – US News Business Blog – CNBC
This is a brilliant take on taxes. The whole post is awesome.
Posted from Diigo. The rest of my favorite links are here.
The interesting part is that memo that made look Orszag look like a tool was leaked by Orszag. Wait maybe the memo was neutral
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and the story made him look like a tool, I forget.
Hopefully the Government will release the tech and IP rights for Death Stars so the private sector can develop smaller more cost effective Death Stars, so I can drive to work everyday in a fire enginge red Death Star.
For those keeping score, MN macro type and monetary economist Steve Williamson has just blogged about MMT:
http://newmonetarism.blogspot.com/2012/02/modern-monetary-theory.html
Rowe’s response was very kind.
Isn’t the Right To Build Death Stars enshrined in the constitution?
You’re right – It’s a logical extension of the second amendment well within the meanings of the founders. There may be some minor problems as this case the Arms would technically be bearing you across the galaxy.
Re: Zerohedge. The thing I find most bizarre about these types of people is the way that they can continuously repeating things which arequite clearly factually incorrect. Why do they absolutely insist on repeating the nonsense that central banks are ‘printing’ money? Central banks have not increased their printing of money so why say it if it’s just wrong?