BLUE
Login
Profile banner
F
fluids_guru
@fluidsguru.bsky.social
Following the new energy revolution. Navigating the Climate Change apocalypse. Helping to forecast future weather events. Probably an anarchist. Still dealing with long COVID. Also at mastodon : @fluids_guru@kolektiva.social
147 followers197 following904 posts
Ffluidsguru.bsky.social

Have they updated their financial models about money and credit supply yet? From Skidelsky’s “Money and Government (2019)”

“In order to keep the main model 'as simple as possible', the Bank preferred to look at financial issues through 'separate, more special-ised models. But this approach placed theoretical elegance above understanding, and left the Bank unable to identify a burgeoning financial crisis in time, with an ensuing series of inaccurate forecasts and missed targets. The UK was not unique; central banks the world”
“over paid scant attention to banks as a source of credit creation, a fact Mervyn King labelled “a source of embarrass ment, both intellectual and practical', for the profession.
1
TYt0nyyates.bsky.social

A different conversation. Not what my piece was about.

1
Profile banner
F
fluids_guru
@fluidsguru.bsky.social
Following the new energy revolution. Navigating the Climate Change apocalypse. Helping to forecast future weather events. Probably an anarchist. Still dealing with long COVID. Also at mastodon : @fluids_guru@kolektiva.social
147 followers197 following904 posts
HomePopularExplore