Steve Keen’s Debt Watch

Legislative laws--rather than the laws of double-entry bookkeeping--require Central Banks to buy Treasury Bonds from the private banks in Open Market Operations, rather than directly from the Treasury. This video explains this process.

Mainstream economists believe--without having done the double-entry bookkeeping--that Treasury bond sales amount to the government borrowing from the private sector. Checking the double-entry bookkeeping gives an entirely different answer.

Using Ravel, it's easy to show that the basic argument of MMT--that government spending in excess of taxation creates money--is correct. Ravel is available from https://www.patreon.com/ravelationfor $7 per month; Minsky is available from the same site for $1 per month.

Ravel is a brand new, intuitive way to analyse data. It is built on top of the Open-Source system dynamics program Minsky, which is the only program in existence that is designed to model financial flows using double-entry bookkeeping. I explain that fundamentals of double-entry bookkeeping in this video. In the next in this series, I put MMT under the crucible of double-entry bookkeeping to see whether it makes sense. Ravel is available from https://www.patreon.com/ravelation for $7 per...

I'm giving a live demo of Ravel tomorrow (Tuesday July 16th) at 6pm London time. This is a quick teaser to show what Ravel can do. Whether you use spreadsheets, Pivot Tables, Business Intelligence programs (Tableau, PowerBI) or programming languages (Python, R) at present, you owe it to yourself to see how much easier it is to analyse data using Ravel. Go to https://www.youtube.com/live/MbIl-WWrq4k?si=6qqG5NeWntCcBc0d and click "Notify Me" to get a reminder when the live stream...

Ravel is a whole new way to do Business Intelligence analysis. Its core is the Ravel--a graphical object for handling multidimensional data which is far easier to use, and far more powerful, than a Pivot Table. Analysis is done using easy to audit flowchart formulas--rather than obscure cell references, or complicated Pivot Tables. Join the live stream and receive a free 60 day limited edition copy of Ravel to try out!

Tony Wilson a long time viewer of the livestream and an engineer joins the show this week. Steve will also be giving as a test drive on the Ravel software, in what is our final show before our summer break.

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