by Summary:
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.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| 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. |
For reference, Kenneth D. Garbade (K.D. Garbade) has written great monograms on the history of US Treasury and Federal Reserve policy. He was a long time analyst at the NY Fed, recently retired. Some of his papers explore the history behind those laws mentioned in Prof. Keen's explanation.
Please re-title this video series as 1/6, 2/6, etc.
Which law is it, can we find the exact text?