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Money doesn’t matter?

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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. Creating imaginary money and buying goods and services with it cannot be a sustainable economy. It is based on stealing the value of the money. It is criminal. History has shown us that devaluing the money destroys the economy.

  2. Money should be like the oil in an automobile engine. Reducing the friction of transactions to help the economy to run smoothly. Instead we have created a system such that the purpose of the economy is to pump money around.

  3. recomand the dow to gold ratio on liniar scale for the long cycle of a generation.

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