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Ignoring the critical components?

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Steve Keen considers the following as important:

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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.

3 comments

  1. 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.

  2. GhostOnTheHalfShell

    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.

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