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.
The most powerful tool to reduce global inequality is migration. Listen here
On 1 April in Berlin in our series of talks entitled “Economics beyond the Swabian hausfrau” Branko Milanović discussed the evolution in global income inequality and its political implications; in particular, the rise of the […]