How widespread is the idea that one person’s debt is another person’s credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisation that the banking sector is also involved and so is is the relative velocity of money in different hands. If we accepted that debt and credit don’t always can cancel each other out how would that change the approach of governments and the monetary policy of Central Banks?
27.02.2024 It was never clear how hysteric Piers Morgan is, nor that he is not all that intelligent. Interesting and instructive are the answers by Mearsheimer to Morgan’s mainstream arguments. You can see how many […]
Starts somewhat later, but there is no way to fast forward Capitalism works, says economist Branko Milanovic, but it comes with a price. We look at new models of capitalism that can break the cycles […]
The government has learned to use QE to fund the coronavirus crisis, which is all well and good except for the fact that there are significant wealth inequalities arising as a result as some in […]
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