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 these things impact on interest rates, plus the effect of quantitative easing.
Related Articles
Economics
Macro & Cheese – Randy Wray’s “Making Money Work for Us”
Listen HERE
Economics
Steve Keen and Steven Payson – How economics professors can stop failing us
It was the enlightened economist, Joan Robinson who said the purpose of studying economics is not to acquire a set of ready made answers to economic questions, but to learn how to avoid being deceived […]
Corruption
Renegade Inc. – The Real Looters Of South Africa
Since Nelson Mandela’s long walk to freedom, South Africa has faced hurdle after hurdle politically and economically. Mandela’s release from prison unified the nation. However, the last president, Jacob Zuma’s incarceration lit a national tinderbox. […]

Be the first to comment