by Summary:
Credit Expansion's Impact on Economy
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Steve Keen considers the following as important:
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Credit Expansion's Impact on Economy
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
| Credit Expansion's Impact on Economy |
Private debt is always the danger not National debt.
Money creation is the fact, and the purpose is intended to be a direct connection between perceptions and actions that consume the value intended for the exchange/transaction.
If the intended value created is redirected away from the purpose, of course the difference drives boom/bust cycles because the abuser of the designed intentions causes chaos by default, it's exactly out of sync with the economic values.