by Summary:
It should be obvious: financial crises are caused by the financial sector, and its primary product is debt, which is necessarily created when credit-money is created. And borrowers only commit to additional debt because they wish to spend, so there is an intimate link between private debt, credit, and demand. But it’s not obvious to ...
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Steve Keen considers the following as important:
This could be interesting, too:
It should be obvious: financial crises are caused by the financial sector, and its primary product is debt, which is necessarily created when credit-money is created. And borrowers only commit to additional debt because they wish to spend, so there is an intimate link between private debt, credit, and demand. But it’s not obvious to ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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