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recent bookmarks from asterisk2aMasters in Business: Nobel-Prize Economist Paul Krugman (Audio) by Bloomberg View2016-02-07T03:07:07+00:00
https://soundcloud.com/bloombergview/masters-in-business-nobel-1
asterisk2a> austerity from 2010! vested interest plays big role! Policy Makers are on the side of credit, on bond holders. bond holders don't like inflationary period! ... Hyperinflation will come any day! // 31:00 econ needs to be reformulated in class rooms to be much broader subject! << see robert shiller interview! ie behaviour, sociology and psychology, irrational behaviour // 44:15 on keynes! was no left wing socialist, he tried to save capitalism! he had world changing analysis! sometimes there can not be enough demand, same with sometimes it is good to have waste vs nothing, pointless ways to spend money can have a positive effect. ie infrastructure investment - repaving roads = less private repair bills! public transportation = less drunk driving accidents. history shows fiscal stimulus gets always too early withdrawn from deficit hawks!]]>economic history GFC Paul Krugman Thomas Piketty inequality Gini coefficient income social mobility paulkrugman repo bankrun speculative bubbles subprime Generationengerechtigkeit Policy Makers constituency George Osborne austerity error folly credit bubble secular stagnation debt servitude Super Cycle Japan Abenomics fiscal monetary Richard Koo KennethRogoff USA UK European Union lost decade generation Robert Shiller robertshiller book miltonfriedman friedmann JohnMaynardKeynes keynes Keynesianism budget deficit GeorgeOsborne stimulus GordonBrown underinvestment recovery productivity output gap liquidity trap ZIRP NIRP QE infrastructure investment Richardkoo public productive business short-termism neoliberalism neoliberal Privatisation trickle-down economics Rich 1% oligarchy plutocracy democracy corporate welfare subsidies subsidizinghttps://pinboard.in/u:asterisk2a/b:665deb7f8ddc/