MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how these things impact on interest rates, plus the effect of quantitative easing.
Related Articles

Economics
Stephanie Kelton – The Deficit Myth
Begins at 11:00

National Politics
John Mearsheimer – Who Really Started Ukraine War?
While NATO claims that Russia achieved exactly the opposite result of their goal in invading Ukraine. It appears that NATO has achieved exactly the opposite result of their goal in using Ukraine to weaken Russia.
Be the first to comment