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
Breaking from Zionism: Jewish Voices for Justice
24 January 2025
Economics
GPEnewsdocs – Prabhat Patnaik: Imperialism then and now: Wealth, unemployment and insufficient demand
Prabhat Patnaik reviews the connections between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. That […]
Climate Crisis
The Sustainability Agenda: Interview with Jason Hickle
This is a wide-ranging and thought-provoking interview, chock full of fresh thinking on sustainability, poverty and inequality, and the impact of the western-led development agenda across the world. Jason paints an eye-opening picture of the […]
Be the first to comment