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Jubilee! | Economic Undertow

Toil has produced the requisite 1000 words and time will tell whether it will appear @ URPE or not. If not I will post it here (I will post it here, regardless). Here are Professor Keen's 1000 words: Steve Keen (Debt Deflation ) … behind this correlation is that money is created “endogenously” when the banking sector creates loans, and this newly created money adds to aggregate demand—as argued by non-orthodox economists from Schumpeter through to Minsky .

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Jubilee! | Economic Undertow

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