Tuesday , October 4 2022
Home / Video / The Myth of the Money Multiplier

The Myth of the Money Multiplier

Summary:
This is one of the most widely believed models in economics, but it is simply wrong, I show how this false model drove the policy measures by Central Banks during the economic crisis, resulting in huge expenditures being needed to cause relatively trivial stimuli.

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Mainstream economics — a form of brain damage

Barkley Rosser writes Report From Moscow

run75441 writes He thought they were migrants on the bus

Joel Eissenberg writes Review of “The Future is History”











This is one of the most widely believed models in economics, but it is simply wrong, I show how this false model drove the policy measures by Central Banks during the economic crisis, resulting in huge expenditures being needed to cause relatively trivial stimuli.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *