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Watch Explaining Richard Koo To Paul Krugman: Loanable Funds first. I then convert that model into this one on Endogenous Money with about 5 flicks of the mouse. With a model in which banks lend to non-banks, banks, debt and money become essential to macroeconomics.
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Steve Keen considers the following as important:
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Watch Explaining Richard Koo To Paul Krugman: Loanable Funds first. I then convert that model into this one on Endogenous Money with about 5 flicks of the mouse. With a model in which banks lend to non-banks, banks, debt and money become essential to macroeconomics.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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