August 2016 -

Balance Sheet Recessions

August 18, 2016 James Nolt 0

Economist Richard C. Koo coined the term “balance sheet recession” to refer to the unusual problem faced by Japan since the 1990s, and subsequently by […]

Dynamic Private Strategy

August 11, 2016 James Nolt 0

Interests in a credit-driven system are polarized because leverage is an almost irresistible temptation for bulls, but also creates great vulnerabilities that bears can exploit. […]

Strategic Private Power

August 4, 2016 James Nolt 0

Originally posted on World Policy Institute blog August 4, 2016 – Strategic Private Power. Last week I introduced the crucial difference between productive and unproductive […]

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What is missing from economics?
Private power and strategy.
This time we explore a little deeper two of your key concepts: private power and strategy with Dr. Nolt.
What causes financial crises?
This video explains that financial crises have simple explanations. Economists teach that they are extraordinary and unexpected phenomena, not explicable from normally stable economic processes. We will discuss why this misses an obvious explanation for the regular occurrence of such crises through history.