Economist @lewisandclark @LevyEcon (Macroeconomics, Money, Finance, Political Economy). (MOSTLY INACTIVE AND RARELY CHECKED, Email for Qs: [email protected])
Portland, OR
Joined April 2015
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The CBO is at it again with its new Primer on the Federal Debt cbo.gov/system/files/2020-03…
Below is a thread but for a fully developed counter argument see this: tandfonline.com/eprint/RBIF3…
Passcode: 102926
On Oct 29th at 9am PST/12pm EST I will present online my recent regarding monetary theory and history of thought. The event is hosted by Money Working Group of the Philosophy, Politics, and Economics Society. Zoom link is: lnkd.in/g7UtgR5E
Coming up tomorrow: Yours truly presenting at the Money Working Group on "Chartalism and Money Theory: State and Beyond"
On Oct 29th at 9am PST/12pm EST I will present online my recent regarding monetary theory and history of thought. The event is hosted by Money Working Group of the Philosophy, Politics, and Economics Society. Zoom link is: lnkd.in/g7UtgR5E
Eric Tymoigne retweeted
On Oct 29th at 9am PST/12pm EST I will present online my recent regarding monetary theory and history of thought. The event is hosted by Money Working Group of the Philosophy, Politics, and Economics Society. Zoom link is: lnkd.in/g7UtgR5E
NAIC has given up on strengthening the reliability of credit ratings under the push back the industry (and SEC push for retailization) 1
ft.com/content/4a12c55c-40d1…
Relentless push by SEC to spread Ponzi finance to retail investors continues: sec.gov/newsroom/speeches-st…
The Office of Credit Ratings of the SEC (2025, 7) also notes that “the statutory limitation on the SEC’s authority to regulate the substance of credit ratings […] may result in ‘blind reliance’ on credit ratings without any process to assess whether such ratings are reasonable.”
No. Keynes noted that downward wage rigidity was not the problem of unemployment. Income effect:lower wage lowers consumption and so profit. MPL is not the marginal revenue, marginal sale is and that falls with lower w. In a wage-led economy Un may rise with lower wages.
I agree. But Keynes’ GT is intellectually incoherent when viewed through the lens of General Equilibrium theory … it has no intelligible answer to the question: When faced with persistent unemployment why don’t firms offer lower wages and why don’t unemployed workers accept those offers?
When the N. American Keynesians ... based in Cambridge Massachusetts … accepted Friedman’s argument that high unemployment is caused by a temporary deviation of wages and prices from their equilibrium levels … they gave up the Keynesian Baby with the Monetarist Bathwater.
The Cambridge England Keynesians resisted but they did not have a coherent explanation for the persistence of long-term unemployment as an equilibrium phenomenon that could answer the questions of the General Equilibrium theorists.
My entire body of work has been devoted to providing an answer to the question: How can high unemployment persist? that reconciles General Equilibrium Theory with the Keynesian proposition that Walrasian Equilibrium is one of many potential resting points of a dynamical system. The answer is what I call Keynesian Search Theory. static1.squarespace.com/stat…
Eric Tymoigne retweeted
finally, a European politician denouncing the derisking state - here, derisking institutional landlords driving house prices up across Europe
Les investissements directs étrangers participent à la spéculation immobilière.
Dans le même temps, les fonds spéculatifs se comportent de manière prédatrice en vidant les caisses des entreprises qu’ils ont achetées.
Cette circulation du capital spéculatif est aidée, voire épaulée par du financement public. Notamment par BPI France.
Cela démontre l’irresponsabilité de l’actuel pôle public financier. Il n’a aucun pilotage !
Eric Tymoigne retweeted
you'll hear lots of 'how do we pay for?' questions abt budget today.
my new report argue that UK government should use its new powers to mandate pension investments in Public Essentials Fund (PEF) and eliminate privatisation premium paid by citizens and local councils.
Great to see @DanielaGabor’s new paper for Mainstream out in the world.
It develops the analysis that she put to MPs at the first Mainstream Parliamentary Seminar, organised by @labourlewis and I, last December.
Read here: mainstreamlabour.org/publica…
Eric Tymoigne retweeted
We're joined by the acclaimed economist Isabella Weber, author of the new book "Anti-Fascist Economics: In Defense of Affordability, Dignity, and Democracy."
Relentless push by SEC to spread Ponzi finance to retail investors continues: sec.gov/newsroom/speeches-st…
Eric Tymoigne retweeted
I recently completed a trip to four central banks in Europe and learned a lot from them. Here is my write up of this amazing opportunity I had to learn from others. (1/2) macroeconomicpolicynexus.sub… @RobinWigg @robin_j_brooks @ChrisGiles_ @MaryDalyEcon @Austan_Goolsbee @paulwinfree @annap_2013
Eric Tymoigne retweeted
We continue the @LevyEcon speaker series on economic (in)stability, and this time, we focus on the rise of private credit. This is a webinar by @tymoignee. Register to join us tomorrow.
Join us for "Money Managers and the Rise of Financial Fragility" w/ @tymoignee. Learn how today’s financial practices contribute to instability + risk.
📆 10/22/26 @ 4:30pm ET
Register: tinyurl.com/Moneymrff
#privatedebt #privateequity #moneymanagers @ptcherneva @BardCollege
And this: Retailization of private markets and the rise of Ponzi finance: levyinstitute.org/publicatio…
No!! Stop it!!! We're not doing this
crisesnotes.com/sigh-no-ed-z…
