Thursday, 6 November 2014

UK Parliament to debate money creation.

The large majority of money in circulation is created by private banks when they make loans. I.e. governments and central banks only issue a small portion of money.
Is that right? Milton Friedman thought not. And nor did several other household name economists, past  and present, e.g. Irving Fisher, Merton Miller and Laurence Kotlikoff.
The debate is on 20th November.

1 comment:

  1. Mitchell & Goldsmith in UK "Great Money Creation Debate"
    Jct: The best of of Austin Mitchell and Zac Goldsmith from the "Great Money Creation Debate" in the UK Parliament on the most important issue on the planet, who controls creation of our credit, private banks or government utility, the whole debate I posted with commentary at


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