Tag Archives: hoarding

Cypriot events send worrisome message to savers and bank customers throughout Europe.

The dust is now settling on the wreckage of the Cypriot economy and its financial services sector. In a move that shocked many millions of people in Europe and elsewhere the European union , the ECB and the IMF imposed … Continue reading

Posted in austerity, business cycles, Cyprus banks, deficit hysteria, European unemployment | Tagged , , | Leave a comment

Hoarding, speculation and the problem of unemployment

The classical school of economics always argued that wages would adjust to clear gluts of unemployed workers over a reasonably short period of time and that cash would not be hoarded but used to purchase bonds or otherwise spent on … Continue reading

Posted in business cycles, classical economics, deficit hysteria, European unemployment, free trade and globalization, Greek sovereign debt crisis, monetary policy, treasury view, U.K. economy, Uncategorized, unemployment | Tagged , , | Leave a comment