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My Skåne vacation and what I am reading

My Skåne vacation and what I am reading

It is vacation time for the Christensen family so I might not be blogging too much in the next couple of weeks, but we will see. I would however, like to share what books I have brought with me on our vacation in our vacation home in Southern Sweden (Skåne).

Clark Johnson on "Keynes: Evidence for Monetary Policy Ineffectiveness?"

Clark Johnson on "Keynes: Evidence for Monetary Policy Ineffectiveness?"

Over the last couple of days we have published four guest posts by Clark Johnson on "Keynes:  Evidence for Monetary Policy Ineffectiveness?". Here you can read the paper in its entirety.

Guest post - Keynes:  Evidence for Monetary Policy Ineffectiveness? (Part 4, by Clark Johnson)

Guest post - Keynes: Evidence for Monetary Policy Ineffectiveness? (Part 4, by Clark Johnson)

Guest post: Part 3 – Keynes: Evidence for Monetary Policy Ineffectiveness (continued)

I can hear Uncle Milty scream from upstairs - at James Bullard

I can hear Uncle Milty scream from upstairs - at James Bullard

The St. Louis Fed has long been a bastion of monetarist thinking, but something has changed at the Eighth Federal Reserve District. Here is St. Louis Fed president James Bullard in an interview with Bloomberg:

Lorenzo and Horwitz debate Austrian economics

Lorenzo and Horwitz debate Austrian economics

Back in April our friend Lorenzo did a interesting post on Austrian theory. That has now triggered a response from Steve Horwitz who defends the Austrian position. It is excellent stuff. It is a debate between two clever debaters and I have very strong sympathies for both gentlemen. However, I don't have time today to go through the entire debate, but I will strongly recommend to my readers to take a look at this very interesting debate.

Guest post - Keynes:  Evidence for Monetary Policy Ineffectiveness? (Part 3, by Clark Johnson)

Guest post - Keynes: Evidence for Monetary Policy Ineffectiveness? (Part 3, by Clark Johnson)

Guest post: Part 3 – Keynes: Evidence for Monetary Policy Ineffectiveness (continued)

"Speaking of Italy"

"Speaking of Italy"

I got this in my mail box earlier in the week (the author will remain anonymous):

Guest post - Keynes:  Evidence for Monetary Policy Ineffectiveness? (Part 2, by Clark Johnson)

Guest post - Keynes: Evidence for Monetary Policy Ineffectiveness? (Part 2, by Clark Johnson)

Guest post: Part 2 – Keynes: Evidence for Monetary Policy Ineffectiveness (continued)

Guest post - Keynes:  Evidence for Monetary Policy Ineffectiveness? (Part 1, by Clark Johnson)

Guest post - Keynes: Evidence for Monetary Policy Ineffectiveness? (Part 1, by Clark Johnson)

I am extremely happy to announce that my blog this week will feature four guest posts by Clark Johnson. I have for some time tried to convince Clark to write something for my blog so I was very happy when Clark's manuscript for his paper "Keynes:  Evidence for Monetary Policy Ineffectiveness?" arrived in my in-box recently. Clark and I have decided to split up the paper in four parts which will be published in the coming four days.

Time to try WIR in Greece or Ireland? (I know you are puzzled)

Time to try WIR in Greece or Ireland? (I know you are puzzled)

The ECB so far has refused to sufficiently increase the money base to meet the increase in the demand of money and as a result euro zone money-velocity has contracted. We are basically in a monetary disequilibrium. Normally we would say an excess demand for money can be reduced in two ways. Either you can increase the money supply or the price of money can increase sufficiently to reduce the demand for money until it matches the supply of money. An increase in the price of money of course means a drop in all other prices - deflation.

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