Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Wednesday, 4 September 2013
10 year old explains banking.
I detect a bias towards full reserve banking. But anyway . . more power to her elbow: she's obviously set to be a future head of the IMF or something like that.