Well its nice to be back on line after the hacker attack my e mail and blog suffered from last week. My blogspot site was attacked and although one can still visit it and view its contents I decided for security to move to this new improved site and over time reconnect with my readers and fellow analysts and bloggers . Ever since the first piczo blog which I began in 2005 I have had almost 50,000 hits on the two blogs combined.(As of May 2012 the visit count has risen to 65,000. As of Feb 5, 2013 the hit count has risen to more than 77,000.)They come from over 122 countries world wide so I would like to continue our conversation about the state of the global economy, the importance of understanding how to fix it, the economic wisdom of John Maynard Keynes and his circle of Keynesians and post Keynesian economists and the best policy ideas for repairing the damage from the great crash of 2008. These include fiscal stimulus, quantitative easing to keep rates of interest low and correctly analysing the risks that might be involved in a strategy focused on growth and lower unemployment as opposed to obsessing over inflation.So there is a significant interest in these ideas and I want to continue to make a contribution to the debate and discussion.

Hackers have a destructive intention as opposed to a constructive one. The world is need of constructive and community building discourse not destructive impulses.

But before I  get started I need to express my profound sympathy, condolences and concern for the people of Japan who have suffered such a terrible blow from the earthquake and tsunami. Our hearts go out to the people of Japan in these very terrible days. The scenes from Japan are awful ones and we wish them rapid success in rescuing as many people as they can and restoring hope,well being and daily life as soon as they can. Japan is an ancient society that is resilient, brave and creative. They will rebuild but never forget the loss of their loved ones nor the terrible awesome forces of nature.

Note: My papers, After the crash:Rediscovering Keynes and the Origins of Quantitative Easing (presented to the Eastern Economics Association meeting in New York, February27, 2011) and John Maynard Keynes and the General theory after 75 Years; preface to a presentation to the Canadian Economics Association special panel on Reconsidering Keynes in a Time of Crisis( Ottawa,June 6, 2011) are both posted on this blog in the June, 2011 postings.