Posted in Economics, Money & Banking Who Actually Makes Money? Jim Berger posted on May 23, 2019January 27, 2020 No Comment In an earlier post, I described a contradiction between popular economic theory and statistical data. In this post, I will describe true premises upon which we can develop more accurate theories. Read More
Posted in Economics, Money & Banking Money Supply and Bank Reserves Jim Berger posted on May 15, 2019January 27, 2020 No Comment Introduction The fact that we perpetuate false or inaccurate theories causes at least one problem for understanding money and its role. For years economic classes have taught that the Federal Reserve Read More
Posted in Economics, Intervention Climate, Freedom, & Money Jim Berger posted on April 24, 2019January 27, 2020 No Comment Introduction “Climate change” represents the crisis de jure. We have no choice but to accept that human activity has created a crisis level of change in the climate of the world. To deal with Read More
Posted in Economics, Exchange Disrupting the Money Cycle Jim Berger posted on January 17, 2019January 27, 2020 No Comment Artificial changes in the money supply always disrupt the money cycle and cause price disruptions that lead to production problems in otherwise normally functioning markets. Introduction The Read More
Posted in Economic Reasoning, Economics The Dangers of Modern Monetary Theory Jim Berger posted on January 15, 2019January 27, 2020 No Comment At the core of Modern Monetary Theory (MMT) lies the implicit premise that the acquisition of money represents an end of itself. MMT bases its argument on what some people refer to as a Read More
Posted in Economics, Money & Banking, Money Matters Book Fed Funds Explained Jim Berger posted on March 15, 2016February 20, 2019 No Comment Can the Fed actually control interest rates? And, does the fed funds rate actually have a significant influence on broader market interest Read More
Posted in Economics, Money & Banking, Money Matters Book Fed Funds Rate; Who Cares? Jim Berger posted on December 22, 2015February 20, 2019 No Comment The Fed funds rate is zero because banks don't have a need for reserves. Fed action has not changed Read More