Steve covers why the Neoclassical model of banking known as “Loanable Funds” is a dangerously misleading caricature of actual banking, why credit has a crucial role in macroeconomics, and why savings is a sensible activity for individuals but has a destructive impact on aggregate demand.
Corruption
Scribbled – Andrea Capussela: The Political Economy of Italy’s Decline
In the premier episode we are joined by Dr. Andrea Lorenzo Capussela to talk about his book “The Political Economy of Italy’s Decline”, published by Oxford University Press. Watch here
Economics
The MMT Podcast – Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how […]
Economics
Warren Mosler – An Introduction to Modern Monetary Theory
This is Warren Mosler’s talk in Berlin on 13 May. First we would like to thank Warren Mosler for coming to Berlin to hold this talk. We would also like to thank OXI for make […]
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