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Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill”

February 16, 2016

Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill” Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by […]

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Something Very Disturbing Spotted In A Morgan Stanley Presentation Slide

February 10, 2016

Something Very Disturbing Spotted In A Morgan Stanley Presentation Slide With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient […]

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It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens

December 7, 2015

It Begins: Desperate Finland Set To Unleash Helicopter Money Drop To All Citizens With Citi’s chief economist proclaiming “only helicopter money can save the world now,”and the Bank of England pre-empting paradropping money concerns, it appears that Australia’s largest investment bank’s forecast that money-drops were 12-18 months away was too conservative. Over the last few months, in a prime […]

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Lost in Extrapolation

October 29, 2015

Lost in Extrapolation Phillips Curve Fail In the late 1970s the impossible happened.  Inflation and unemployment simultaneously went vertical.  The leading economists of the day were flummoxed. Larry Summers favors us with his “eternal stagnation” shrug. The man is a sheer inexhaustible fount of truly atrocious ideas. As we have previously pointed out, when he’s […]

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It Begins: Australia’s Largest Investment Bank Just Said “Helicopter Money” Is 12-18 Months Away

September 19, 2015

It Begins: Australia’s Largest Investment Bank Just Said “Helicopter Money” Is 12-18 Months Away Just over two years ago, when the world was deciding who would be Bernanke Fed Chair replacement, Larry Summers or Janet Yellen (how ironic that Larry Summers did not get the nod just because a bunch of progressive economists thought he […]

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The School of Globalism

April 7, 2015

The School of Globalism “…we may be headed into a world where capital is abundant, deflationary pressures are substantial and demand could be in short supply for quite some time.” —Lawrence Summers, former Secretary of the Treasury Professor Summers must be reading Ben Bernanke’s new blog. Or maybe he’s writing it for walking-around money. At […]

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What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality

February 7, 2015

What Thomas Piketty and Larry Summers Don’t Tell You About Income Inequality So-called reasonable proposals on how to fix inequality are really a bunch of hot air. In a  paper  for the Institute for New Economic Thinking’s Working Group on the  Political Economy of Distribution,  economist Lance Taylor and his colleagues examine income inequality using new […]

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