Category Archives: money and finance

The economic problem of our time

The economic problem of our time (in the US context) is how to get money moving…

Posted in money and finance, money velocity | Leave a comment

The future of the dollar

“The reserve currency status of the U.S. dollar, for good and for ill, will erode neither quickly nor dramatically. But change it will.” Barry Eichengreen, writing in The American Interest, on the future of the dollar as the world’s reserve … Continue reading

Posted in 2007-2012, money and finance, the great contraction | Leave a comment

Federal Reserve as “liquidity provider of last resort”

Bernanke’s recent comments on “the financial crisis and the Federal Reserve’s response in its capacity as liquidity provider of last resort” can be found here. It is an interesting term: “liquidity provider of last resort.” It is the same thing in … Continue reading

Posted in money and finance, politics, the great contraction 2007-2012 | Leave a comment

Greta Krippner’s ‘Capitalizing on Crisis: The Political Origins of the Rise of Finance’

Greta Krippner’s recent book Capitalizing on Crisis: The Political Origins of the Rise of Finance operates within a question as old as sociology itself: what is modern about modernization? The advent of capitalism and the industrial revolution were the backdrop for … Continue reading

Posted in book reviews, debt, money and finance | Leave a comment