America’s financial statement for the average American family. Help us pass the Minnesota Transportation Act and stop this ever increasing costs of living (interest) that is placed on you. We can change this if we want to.
TROUBLE AT THE LEMONADE STAND . Sometimes it helps to illustrate a concept by breaking it down to its essential parts. A sort of elemental examination of the thing. So it is with understanding how money works – a simple illustration can make it easier to grasp a new concept. All you have to…
Money Creation is This Simple A. If money exists, it was created. All money is created by banks, when they make loans. They create brand-new money; they do not loan out deposits. If they did, you could not get your deposit until the loan was paid back! B. Banks only create the principal when they make the…
Radio Show with Prof Steve Keen Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported.