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.
Monday, 1 December 2014
1948 "Loans create deposits" video.
Here's a short video (5 minutes about) on the "loans create deposits" phenomenon from 1948.