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.
Geopolitics
Jeffrey Sachs, Judge Napolitano : Which Countries Trust the US?
26 August 2024
Austerity
Real News Network – Ada Colau: When Activists Take Over City Hall: The Case of Barcelona, Spain
Ada Colau was elected in 2015 as Barcelona’s first woman mayor. Under her leadership Barcelona has increased social spending to historic levels, spearheading initiatives to prevent gentrification by increasing public and social housing, created a […]
Economics
Richard Murphy – What are the problems with QE?
Twelve years ago quantitative easing was considered radical. It was called ‘unconventional’ monetary policy. Actually, it was government just using the power it has to create money at will, which had been pretty much denied until that […]
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