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Eleventh of twelve videos showing the construction of models of the monetary aspects of Modern Monetary Theory in Minsky. Download Minsky from https://sourceforge.net/projects/minsky/files/beta%20builds/ and support Minsky's development at https://www.patreon.com/hpcoder/ for as little as a month
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Eleventh of twelve videos showing the construction of models of the monetary aspects of Modern Monetary Theory in Minsky. Download Minsky from https://sourceforge.net/projects/minsky/files/beta%20builds/ and support Minsky's development at https://www.patreon.com/hpcoder/ for as little as a month
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Steve Keen considers the following as important:
This could be interesting, too:
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| Eleventh of twelve videos showing the construction of models of the monetary aspects of Modern Monetary Theory in Minsky. Download Minsky from https://sourceforge.net/projects/minsky/files/beta%20builds/ and support Minsky's development at https://www.patreon.com/hpcoder/ for as little as $1 a month |
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It all makes perfect sense. We know the economy has been financialized via the neoliberal project of the last 40 years. It's a tautology that the emergent capital markets which dominate the global economy have captured government. Prof Keen demonstrates here there is no need to monetize government spending through "borrowing" from private markets via the sale of government securities. So why do governments sell bonds? Simple: Capital markets demand them.
Yep, a free lunch for the financial sector
Thanks