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RALPHONOMICS: Jan Kregel of the Levy Economics Institute tries …

The above set up proposed by Minsky (the retail banks investing only in supposedly safe securities and investment banks being funded entirely by equity) actually comes to much the same thing as the set up proposed by a much more recent advocate of …. In such a system it is evident that total private saving would exceed investment by the private sector's holdings of narrow bank deposits and government currency, creating a tendency toward deflation or recession.

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RALPHONOMICS: Jan Kregel of the Levy Economics Institute tries …

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