Tag Archives: Government Spending

The battle of 2 the schools of economics – Keynes vs Hayek. Err, don’t forget Steve Keen now.

Steve Keen is an excellent, left-field economist, and more importantly, is a fellow Australian.  He hosts a fascinating and prolific blog called “Debtwatch”, that reports monthly on the dangers of excessive, private debt. His primary message is that the “Efficient … Continue reading

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Money Creation in the U.S. Federal Reserve System

Money creation is a highly controversial and complex process.  To simplify it to a single flow diagram is perhaps an injustice to the nuances of the process.  However, to make the muddy waters slightly less murky, here is a summary … Continue reading

Posted in Banking | Tagged , , , , , , , , | 6 Comments