Professor John Hearn @jbhearn
Economist, author and university Professor on programmes in economics, banking and finance. YOUTUBE Lectures at johnhearn (free to subscribe) myprofessorjohnhearn.org Essex/City of London Joined October 2009-
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Lecture 6: Banking and Economics, Did you know there is a very good reason for separating retail banking from other forms of banking. jbhearn.wordpress.com/2020/12/11/lec…
@emmanuelokware_ @TIMGOLDFINCH @jbhearn Do you think the last 50 years has been a success for the people? Look at how every system, every Govt has debased the currency such that we are poorer now than our parents/grandparents in the 70s....apart from the 1% of course who own vast majority of assets.
Let’s all learn this
🚨 I wasn’t planning to post this just yet, but what I’ve uncovered is too big to sit on. Consider this a taster — the groundwork for exposing how Labour politicians in the North have hijacked devolution to funnel public money into companies they’re directly connected to, all…
Sad day for cricket
@jpserranoh @BernaldoDQuiros @AmadeoPetitbo pues desde ese dia todo peor pero en cualquier caso hay que ser caballero lean linkedin.com/pulse/resumen-… y lea @CTajadura lo bien que se explica el criterio del Profesor @jbhearn
@TIMGOLDFINCH @bradfordonian @jbhearn That has worked both in developed and developing countries, and pretty much everywhere. He clearly could have a different meaning of model in mind. Here is one I did for Uganda.
@bradfordonian @emmanuelokware_ @jbhearn Yes it has . The simple monetarist model MV=PT is empirically proven . Changes is velocity adjusted broad money growth are reflected in National income after a lag . The correlation is nearly 1 !
@emmanuelokware_ @bradfordonian Charles Goodhart former BOE said something like " We have a wonderful model the only thing is it doesn't work " If you put wrong assumptions into complex macro models then the wrong outcomes will occur Micro models help us see,how prices,markets ,people act/work @jbhearn
@AmosAhola @petrock @jbhearn @clintballinger @JustinD29427245 @Dalio4President @ProfSteveKeen @rch371 @trendingcycles @Lprochon @DEhnts @JosephEStiglitz @YanLian31677392 @blair_fix @RichardJMurphy @adam_tooze @M_C_Klein @MazzucatoM @ronniejphillips @MorganRicks1 @STOmarova @MkBlyth @dandolfa @StephanieKelton yes , but "Slack" can only be removed by better supply-side The only , condition, ever, to introduce more demand is if there is insufficient money growth to hit the inflation target . If you increase Gov you are just moving money from efficient Priv sect to inefficient pub sec
@jbhearn @AmosAhola @petrock @clintballinger @JustinD29427245 @Dalio4President @ProfSteveKeen @rch371 @trendingcycles @Lprochon @DEhnts @JosephEStiglitz @YanLian31677392 @blair_fix @RichardJMurphy @adam_tooze @M_C_Klein @MazzucatoM @ronniejphillips @MorganRicks1 @STOmarova @MkBlyth @dandolfa Some necessary reading for the #MMTers
@jbhearn @AmosAhola @petrock @clintballinger @JustinD29427245 @Dalio4President @ProfSteveKeen @rch371 @trendingcycles @Lprochon @DEhnts @JosephEStiglitz @YanLian31677392 @blair_fix @RichardJMurphy @adam_tooze @M_C_Klein @MazzucatoM @ronniejphillips @MorganRicks1 @STOmarova @MkBlyth @dandolfa Yes ,I lost a contract to build a vault where the BOE keep old notes before they destroy them. Every warn out note destroyed is replaced immediately and put back in circulation. This is the only destruction of physical money >
@jbhearn Every time you're cold, it's because of Global Warming!!
@petrock @raminzen @jbhearn @AmosAhola @clintballinger @JustinD29427245 @Dalio4President @ProfSteveKeen @rch371 @trendingcycles @Lprochon @DEhnts @JosephEStiglitz @YanLian31677392 @blair_fix @RichardJMurphy @adam_tooze @M_C_Klein @MazzucatoM @ronniejphillips @MorganRicks1 @STOmarova @MkBlyth @dandolfa Then why the need for #QE or OMO s ? Are you saying everyone in the Treasury and Central Bank are factually wrong ? Unbelievable stupidity .
You have to giggle when you read this.
The BritCard - Α digital dog tag, with a leash, choke and prong collar "The British government is pushing forward with plans for a national digital ID system, the BritCard, a centralised state controlled digital identity system that will be used to link your finances, your…
More good analysis from Catherine. open.substack.com/pub/catherinem…

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