Thursday , October 17 2024
Home / Video / Double Entry Bookkeeping With Ravel: Central Bank Bond Purchases

Double Entry Bookkeeping With Ravel: Central Bank Bond Purchases

Summary:
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.

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

NewDealdemocrat writes Why hurricane effects and funky seasonal adjustments will make tomorrow’s initial claims report particularly fun

Angry Bear writes A simple Misunderstanding of How Tariffs Work

Eric Kramer writes The Case for the 28th Amendment

Angry Bear writes Where housing affordability is worst and costs are highest in the U.S.

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.
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

Leave a Reply

Your email address will not be published. Required fields are marked *