Inflation is back (USA, EUROZONE)… On that, basically everybody agrees. However, an intense debate is currently raging about whether or not inflation is here to stay or whether it is just a temporary blip. The position that inflation is high now but will soon return to its normal level is... [Read More]

You know, it’s all too easy to dismiss Russia’s economy as a retreating one with stagnant GDP and a rapidly ageing population. However, if that is really the case, then how is it possible that Putin is so bold in his geopolitical adventures? After all, he is risking the same... [Read More]

Central banks are the supposed champions of both price stability and financial stability. But, have prices and finance really been very stable? or was the world of money actually more stable before central banking was invented? Hi, I am Joeri and to find out, I have collected the best works... [Read More]

Why do macroeconomists care about the fate of a single Chinese company? I mean sure it is absolutely massive!!! with assets equal to roughly 2.2% of China’s GDP…. but it is the losses on those assets that matter for GDP and those will surely be much less. What’s more China’s... [Read More]

What is money? Hi, I am Joeri, and that is the question that one of the most intense debates in economics today centres around. In this debate there are basically two positions. On the one hand, proponents of the commodity theory*** ***of money argue that only money that is made... [Read More]