Links: 2013-06-12

UK workers watch helplessly as inflation outstrips wage growth | Heather Stewart | Business | guardian.co.uk
TheMoneyIllusion » Exit is easy
This one is on the Fed's QE. The contentious point is on endogenous money. Monetarists believe that central bank monetary is long-term endogenous but short-term exogenous. Post-Keynesians believe that central bank policy is always exogenous and that the broad money supply is always endogenous.
See here: https://pro.creditwritedowns.com/2012/04/progress-on-the-monetary-policy-and-banking-debate.html
The Broad Money Supply is ALWAYS Endogenous
This is a pretty good post on an important topic because standard macro has the base money tail wagging the broad money/credit supply dog. It is broad money created by fiat in the private banking system that ...


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