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 ‘Economics’
“Banks fundamentally run on double-entry book keeping“
November 23rd, 2021
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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.
Who saw the economic crisis coming and why?
März 8th, 2013
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You have heard the widespread thesis that no one saw the current financial crisis coming. That thesis is simply wrong. However, it makes sure that those are not seen and heard, who a) did see it coming, who b) could have prevented it, and who c) have the knowledge of how we can get out […]
What’s really key for the price formation of gold?
Januar 31st, 2013
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In this exclusive interview for Matterhorn Asset Management, Robert Blumen discusses some important but widely misunderstood elements acting on the gold price. He explains that frequently cited gold demand statistics have no relationship to the gold price. In addition, he explains that the annual gold mine production is of very little influence, as gold is […]
