In an interview, the Australian economist Steve Keen answers the question how money gets created. Moreover, he suggests a “polite way to get rid of an excessive banking sector.“
Posts Tagged ‘Debt’
“Banks fundamentally run on double-entry book keeping“
November 23rd, 2021
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On the subject of „productive credit creation“
März 30th, 2020
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Money creation via debt has consequences, especially when the „level of private debt grows faster than income“ and the financial markets see „an increase in the share of speculative loans in the total volume of credit“. What about the benefits of „productive credit creation“ instead?
Money lies disguise banking truths
April 17th, 2013
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Economist Norbert Haering, discussing “the veil of deception over money“, argues that closely limited and clearly specified interests distort deliberately the true nature of banking. The vast majority of money in circulation, he says, isn’t issued by central banks but by private financial institutions.
