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
Macro n Cheese: Bill Mitchell – Trade, Foreign Exchange and Modern Monetary Theory: A Field Guide
Listen here For non-economists to learn essentials such as the balance of payments, currency exchange, and trade between nations, presentation matters. The brilliant Bill Mitchell, as always, distills complex concepts in such a way that […]
Economics
Steve Keen – Labour Without Energy is a Corpse; Capital Without Energy is a Sculpture
Steve Keen applies this ‘simple insight’ to how he thinks the global economy actually works Steve Keen is Distinguished Research Fellow, Institute for Strategy, Resilience & Security (ISRS) at UCL Cross-posted from Steve Keen’s Website […]
Geopolitics
Colonel Douglas Macgregor, Glenn Diesen – NATO invades Russia?
21 August 2024 Has the thin line between proxy war and direct war now been eliminated? I spoke with Colonel Douglas Macgregor as NATO’s direct involvement in the war is evident with its involvement in […]
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