Steve Keen Explains Money Creation

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A short explanation of money creation from Steve Keen through an MMT lens.
  1. SCOTONOMICS
  2. economics of scotland
  3. scottish independence
  4. economics of an independent scotland
  5. scotland's economy
  6. mmt
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Would love to hear Gary Stevenson's (Gary's economics ) take on this 🤔

Sunnysue
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Strange, I thought Steve already knew how central banks created money. The videos i've seen of Steve's only issue with MMT advocates like warren mosler & bill mitchell was when they say exports are a cost to society and imports are a gain.

leehumphries
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Keen's B.S. account of government having to spend before money can buy bonds and a very poor understanding of the money flow in the economy.
He is absolutely wrong about funding of bonds because anyone can buy bonds with money created by private banks and lent to their customers to by bonds or spend on anything thay see as fit to buy. That money does Not come from the government or the central reserve bank.

Rob-fxdw
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Definitely couldn't explain how Scotland could survive without generous Barnett formula funding from Westminster or leaving UK single market, 60% of Scottish external trade securing one million Scottish jobs, mord than 3 times EU amount.
Independence?No thanks!!!!

Magpie