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Todd Suomela

Steve Keen's DebtWatch No 31 February 2009: "The Roving Cavaliers of Credit" | Steve Ke... - 2 views

  • Thus rather than credit money being created with a lag after government money, the data shows that credit money is created first, up to a year before there are changes in base money. This contradicts the money multiplier model of how credit and debt are created: rather than fiat money being needed to “seed” the credit creation process, credit is created first and then after that, base money changes.
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    Argues against the standard view of fiat-money creation by government and in favor of a credit-money view where banks drive the growth of the money supply.
caelanho

Bitcoin: The opportunity costs of mining for money - 0 views

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    The future of money is to mine virtually as there will be less counterfeit and it will be easier for consumers to access their cash.
Weiyun L

The return of the supply side - 0 views

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    For the last five years Republicans have valiantly tried to blame the economy's problems on supply rather than demand. Excessive government intervention, regulation and uncertainty have raised businesses' costs and discouraged them from hiringnd extended unemployment benefits has discouraged many from working.
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