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Double Entry Bookkeeping With Ravel: Including Private Money Creation

Summary:
It's true that MMTers rarely discuss how the private banking system creates money. But it's easy to show both credit and fiat money creation in Ravel

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It's true that MMTers rarely discuss how the private banking system creates money. But it's easy to show both credit and fiat money creation in Ravel
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.

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