Michael Bridges

Hi Steve, I know it has been a while but I wanted to circle back to a few unanswered questions if you have time. Firstly you wrote: I'll post the price equation shortly. Getting ready for the Australian election is taking priority right now. Do you anticipate being able to post this equation anytime soon? Secondly, when you get a chance please take another peak at the unanswered questions I raised in my 2022-02-17 post. Thanks!

Hi Steve, you wrote: That's the killer: there is nothing to stop them expanding their balance sheet. So allow me to press you a bit further on this. I know there is nothing mechanically constraining the FED from expanding their balance sheet but I'm trying to figure out any feedback loops that might cause unwanted effects thereby pressuring the FED to stop expanding. You mentioned expansion of the money supply in asset markets. I translate this to mean stock market bubbles. What prevents the FED...

Hi Steve, thanks for the reply I know you are busy. Regarding CB money i really did mean the FED's reserves (liability) that it has created as a separate trackable accounting entry or stock(state variable). I'm interested in its dynamics and any constraints on its growth. So I think I understand how when bank liabilities (deposit accounts) go up then that can lead to price inflation since that money can easily go out and start chasing goods. by the way, please send me the price change equation reference...

Hi Steve, thanks for the reply I know you are busy. Regarding CB money i really did mean the FED's reserves (liability) that it has created as a separate trackable accounting entry or stock(state variable). I'm interested in its dynamics and any constraints on its growth. So I think I understand how when bank liabilities (deposit accounts) go up then that can lead to price inflation since that money can easily go out and start chasing goods. by the way, please send me the price change equation reference...

Hi Steve, thanks for the reply I know you are busy. Regarding CB money i really did mean the FED's reserves (liability) that it has created as a separate trackable accounting entry or stock(state variable). I'm interested in its dynamics and any constraints on its growth. So I think I understand how when bank liabilities (deposit accounts) go up then that can lead to price inflation since that money can easily go out and start chasing goods. by the way, please send me the price change equation reference...

Hi All, I have recently been catching up on Minsky's improvements and am loving the documentation! I am interested in how the effects of inflation can be been taken into account in Minsky. It would seem that there is some relationship between the quantity of Central Bank ( CB) money and inflation but I don't see it in the equations. @profstevekeen I have heard you say that mainstream economist make a major mistake by not considering the banking system and money in their macro economic models. I don't...

Hi All, I have recently been catching up on Minsky's improvements and am loving the documentation! I am interested in how the effects of inflation can be been taken into account in Minsky. It would seem that there is some relationship between the quantity of Central Bank ( CB) money and inflation but I don't see it in the equations. @profstevekeen I have heard you say that mainstream economist make a major mistake by not considering the banking system and money in their macro economic models. I don't...

Hi All, I have recently been catching up on Minsky's improvements and am loving the documentation! I am interested in how the effects of inflation can be been taken into account in Minsky. It would seem that there is some relationship between the quantity of CB money and inflation but I don't see it in the equations. @profstevekeen I have heard you say that mainstream economist make a major mistake by not considering the banking system and money in their macro economic models. I don't hear you talk...