I endorse Chris's comments. In the long run (and long before we are all dead), credit for asset purchase will either extinguish a debt of flow into the...
Perfectly possible. Interbank lending should be used to balance the books of a bank which has lent more than its deposits with the excess deposits (of equal...
I did not bother to read all this paper as the writer needs to use more thought and less mathematical modelling. The problem Japan has is nothing to do with...
Dear Friends of the American Monetary Institute, We've successfully concluded our free monetary seminars in Washington, DC; Kansas City Missouri, and...
AMI
ami@...
May 2, 2008 3:23 pm
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080503 An interesting feature of the England and Wales local election results this week has been the successes of those candidates who advocate the replacement...
Geoffrey ... often suggested, that in a society where there are so many elderly with low incomes but nice houses Georgist style taxes are electoral suicide. ...
Dear Gang. The analytical concept of Final Demand Inflation as the "source" of Interest on Production Credit and Entrepreneurial Profit may be about to enter...
. Dear Gang: I know I am supposed still to be working on my creditary economics book - it's stuck in the mid 19th century - but from the outset I included...
Dear Chris, Very interesting. As you may know, I have been re-working the quantity equation in a creditary framework, with, I believe, considerable empirical ...
. Dear Gang: I can see nothing to stop the UK housing market declining for some time yet. The one figure I have in mind is the aftermath to the "great gazump"...
Chris, Indeed! One could go a step further and make their allocation decisions concerning credit open and subject to a combination of democratic and economic...
Hi Richard and others, (note - I include the whole Gang8 yahoogroup as this is indeed of general interest) Thanks for sharing your experience with mainstream...
Dear Dirk, The 'genuine' reason is not that genuine: 1) units of transactions are valued in nominal monetary terms, but are not normally measured in...
. Creditary Economics Dear Gang: For some time, I have suggested a Quality Theory of Credit serving to update (and in fairness not entirely discredit) the...
Dear Chris, Dear Gang8 Members, Thanks for your message. I agree that the use of credit is key. Analytically, to get a handle on this, the first step should be...
Hi Richard, Good discussion. This is about key issues. I also look forward to the views of others. Pity Geoffrey is holidaying. In response: 1) you write that...
Dear Dirk. Briefly re. the following: So I would tentatively agree with you that credit causes growth, but I would agree with referees that econometric work...
Dear Gunnar, No, I disagree this is a matter of indifference whether the IOUs represent Credit newly Created by the banking system or left-over IOUs from...
Hi Dirk, Briefly, on the issue of whether the claim that something is true by definition means that one agrees with it, I think one cannot escape this logic....
One more comment on empirical evidence. It is important, of course, to employ the general-to-specific econometric methodology. Unlike the approach common in...
Dear Dirk. Once again, the point at issue concerns analytical vs. empirical economics. Think of it this way: 1. An Entrepreneur has $1000 on hand – this...
Hi Richard, Thanks for your further explanation. But ... I remain unconvinced. Your critics do escape that logic that you find so inescapable. Are they ...
Hi Dirk, I am not sure you reflect what I wrote. I don't even mention the word 'causality' in my previous e-mail, although yours seems to be all about it. To...
Hi Richard, Well, we are both baffled by why critics do not accept an approach that you and I find so evidently helpful. I think the key in understanding that...
Dear Gangs, especially Dirk, Gunnar, Richard and Chris Just notice what you are argueing about on the topic of credit-money and its role in the "real economy"...
Dear Jian Lian. You wrote: Unless you figure out where and how the money could COMPLETE the circulation-- especially the creidt money, from its birth to its...
Dear Lian, Thanks for engaging. A brief question: is not all money credit-money? Or do you mean by credit-money only FRESHLY created loans? After all, ALL...
Lian, Gunnar, Yes, that is an interesting question: where does the money for the payment of interest come from. It does not exist, and thus in a static...
. Dear Gang Honest, Guv, we didn't do nuffin' The original binding force of Gang8 in 1998 onwards was our near-unanimous agreement that raising interest...
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