Summary:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Robert Vienneau writes Another Hayekian Triangle Not Supporting The Austrian School
Joel Eissenberg writes Access to medical care: right or privilege?
NewDealdemocrat writes Production turns more negative
Bill Haskell writes Lawler: Early Read on Existing Home Sales in October
All manufactured credit is currency and not money, it may be used as money but it is not money.
Stop confusing currency used as money and actual money.
Then you have also missed the point. 97% of all currency in the west is from banks new lending, not from government. All the central banks do is create reserves which are not money, yet are counted as money. No wonder Austrian economists are as clueless as they are.
Well, I finished up Frontline’s Age of Easy Money. Em, I think we need to be talking hospice care for the US and prolly the world economy. Usury was called evil for a reason. It is dynamically unstable. Always.