This is my keynote presentation at the 1st European Modern Monetary conference. I cover the fallacies that mainstream economists believe about money and why they are wrong, how their decision to ignore banks, money, credit and private debt in their macroeconomics depends upon the false “Loanable Funds” model of bank behaviour, and how private debt and credit explain the tendency of capitalism to fall into financial crises.
Economics
Steve Keen – Does Modern Monetary Theory make sense?
Steve Keen takes a critical look at Monetary Monetary Theory.
Economics
Steve Keen, Michael Hudson, Phil Dobbie – Is it time for a debt jubilee?
Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the […]
Economics
tvo: Yanis Varoufakis – Looming Threats in the Global Economy
On the Ukranian war, Russia’s economy under neo-liberalism Watch Here
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