by Summary:
The world has failed to learn from previous financial crises because a naive model of money–the “Fractional Reserve Banking” model–dominates how we interpret them, despite this model being wildly at odds with the actual mechanics of banking and with history itself.
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Steve Keen considers the following as important:
This could be interesting, too:
The world has failed to learn from previous financial crises because a naive model of money–the “Fractional Reserve Banking” model–dominates how we interpret them, despite this model being wildly at odds with the actual mechanics of banking and with history itself.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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