Tag Archives: monetary base

Technical Notes for ‘Banking Buffoonery’

This is an appendix to our earlier post, “Banking Buffoonery, Modeling Mysticism and Why Krugman Should Be Sweatin’ Bullets.” We discuss the Bank of England report and IS-LM model in more detail, using a Q&A format.

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Banking Buffoonery, Modeling Mysticism and Why Paul Krugman Should Be Sweatin’ Bullets

We have a few things to say about the recent debunking of established monetary theories. In case you missed it, the Bank of England issued a report in March explaining that standard textbooks get money and banking all wrong. The … Continue reading

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