Bond Economics

The flattening of the yield curve has attracted some commentary, but it appears to be telling us very little. By itself, the 2-/10-ye...

I have been tied up with various non-writing projects (as well as being hit by some kind of virus this week), so I will be now dropping to...

Gerard MacDonell wrote " The debt debate is relevant now " a couple of weeks ago. In it, he argues that debt sustainability in t...

This article gives a few comments on some projects that I am involved in. They are the upcoming Modern Monetary Theory (MMT) academic conf...

The text Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth , by Wynne Godley and Marc Lavoie is c...

The act of lending involves two fundamental operations: extending financing (funding) ans taking credit risk. These two roles are typicall...

Highly recommended for Lovecraft fans. (Cover is link to Amazon.com.) Three men were swept up by the flabby claws before anybody tur...