I know I've been posting mostly about macro and banking lately, but here's one for the micro students. Let's look at how a community college could collect more revenue while lowering the cost of education for students. We studied about how there's a relationship between the demands for any two products. Suppose we have product … Continue reading Economic Alchemy: How to Raise Tuition but Lower Student Costs
Day: March 20, 2010
Links on Post-Keynesian Theory
We can't inflate away government debt. From Joe Wiesenthal at Clusterstock and Sorry Tim And Ben, Inflation Won't Solve The Debt Problem As this chart shows, instances of declining debt-to-GDP rarely coincide with periods of inflation. If it did If it did, we'd see more dots in the lower right-hand quadrant.
Links on Modern Monetary Theory (MMT)
Hyperinflation is not just more inflation. Additional conditions are needed to go from inflation to hyperinflation. From New Deal 2.0' s Rob Parenteau The Hyperinflation Hyperventalists <!-- Friday, 03/19/2010 - 10:57 am by Rob Parenteau | 2 Comments -->Rob Parenteau explains why the the hyperinflationist deficit hawks need to take a deep breath. After a … Continue reading Links on Modern Monetary Theory (MMT)