Category Archives: money velocity

the problem of middle-class spending power: a few comments

The last five years we have witnessed a historic de-leveraging in the private sector. This process was part of a large economic contraction overall. The collective response was (a) creative and explosive monetary expansion combined with (b) politicized fiscal standoff. … Continue reading

Posted in 2007-2012, an actually thriving labor market, debt, money and finance, money velocity, politics, prices, the great contraction, the great contraction 2007-2012 | Leave a comment

On designed activities: a comment on Keynesian economics from the point of view of a qualitative sociological economics

The following is a position on Keynesian economics, fiscal stimulus, and aggregate economic demand, from the point of view of a qualitative sociological macro-economics, held with little to medium confidence: Under the current circumstances, I remain an advocate of fiscal … Continue reading

Posted in economic recovery, macro-economics, money and finance, money velocity, qualitative sociology of economics and politics, sociology, sociology of business | 2 Comments

Alan Blinder: make banks pay interest on excess reserves held at the Federal Reserve

In the history of advanced capitalism, the US measure of ‘money velocity‘ is at an all-time low. So while I apologize that I’m just coming to this now, better late than never: here’s Alan Blinder, back in July, in the … Continue reading

Posted in economic recovery, macro-economics, money and finance, money velocity, qualitative sociology of economics and politics, sociology | Leave a comment

economic recovery

It is now give or take five years since a finance-centered economic crisis hit highly-leveraged Western economies. While early on there was talk about a major transformation of world monetary arrangements (Roubini, May 13, 2009, in the NY Times here, … Continue reading

Posted in 2007-2012, accounting, advanced capitalism, economic recovery, money and finance, money velocity, the great contraction, the great contraction 2007-2012 | 1 Comment

Link to Edlin and Jaffee (2009), “Show me the money”: on excess reserves at the Federal Reserve

An unprecedented number of commercial bank reserves ($1.4 trillion) continue to sit idle at US Federal Reserve banks. This raises a number of questions. Why does the Fed pay an interest on these reserves? Would it benefit the economy to … Continue reading

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My pick for economic chart of the year (2012): Excess Reserves Held by the Federal Reserve

As 2012 came to a close, the Atlantic asked 34 different economists with notable web presences to provide one chart that best explains the economic situation. Effectively a database, you can find the 34 charts and explanations here. Also, the … Continue reading

Posted in 2007-2012, an actually thriving labor market, economic recovery, macro-economics, money and finance, money velocity, the great contraction, the great contraction 2007-2012, the price mechanism, Uncategorized | Leave a comment

Zachary Karabell on the “bright side” of falling off the fiscal cliff

Zachary Karabell, author of Sustainable Excellence: The Future of Business in the 21st Century (2011-link), has a piece at The Atlantic (link) making a case for the “bright side” of falling off the so-called fiscal cliff. Not sure how much … Continue reading

Posted in advanced capitalism, an actually thriving labor market, economic recovery, macro-economics, money velocity, the great contraction, the great contraction 2007-2012 | Leave a comment