The Slack Wire

[Cross-posted from the new blog at jwmason.org. Please comment there, and update your bookmarks -- at some point soon I'm going to stop...

I try not to spend too much time criticizing orthodox economics. I think that heterodox people who spend all their energy pointing out the s...

In comments , someone asks for references behind "the point is liquidity, the point is liquidity, the point is liquidity." So, her...

Sitting on the subway today, I was struck by the fact that the three ads immediately opposite me were all for what you might call liquidity ...

Kenneth Boulding , reviewing Maurice Allais's   Économie et intérêt in 1951: Much work on the theory of interest is hampered at the st...

So I've been reading Homer and Sylla's  History of Interest Rates . One of the many fascinating things I've learned, is that in ...