Tag Archives: monetarism

Money, money, money – three different meanings

Money can mean physical cash, or the funds in a bank account or the flows of short term funding used by government and companies. No wonder finance can be confusing. * Finance is a subject bedevilled by jargon – words, phrases and acronyms that areĀ barriers to understanding the relatively simple things that actually go on… Continue Reading

A simple but misleading model of inflation

A lot of hedge fund managers seem to believe that the Fed and other central banks that have been using unconventional monetary policy, specifically “quantitative easing” (see note 1), are dooming us to much higher inflation in future. Some believe the very large increase in central bank balance sheets will cause hyperinflation, economic ruin and… Continue Reading