Thursday, January 19, 2017

Self-Taught Macro Economics

I've spent the last fifteen years or so giving myself a crash course in macro-economics, with the help of the internet. It has been illuminating (pun intended!). So, I'm proud to note here that I know and understand these acronyms and phrases:

BIS; ESF; HFT; ETF; IMF; SDR; EROI; PPT; US Treasury; Federal Reserve; Fractional Reserve Banking; Hypothecation and rehypothecation; OTC Derivatives; Gold standard; Austrianism vs. Keynesianism, etc, etc.

The most important being EROI, of course, but few Economists are listening...


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