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Inflation Undermines Currency Value

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.

One comment

  1. GhostOnTheHalfShell

    Friegeld doesn’t need inflation as a stick. Nor does it need interest as a carrot. It is a price stable and endogenously impels commerce. Think of a coupon or loyalty points with an expiratory.

    The two conflicting roles is bunk, money should be exchange and there can be a graced quantity as a personal store. Outside of that, seek dividends.

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