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5:11
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Given the facts of endogenous money creation, and all the fallacies associated with confusing stocks and flows, I'm going to have to repeat your "so what?" right back at you. Credit creation is a matter for business, and so it seems proper that it at the point of transaction for those businesses. I don't buy into this whole notion that the money power is the seat of ultimate authority. The power of rent is much more pervasive, and the power of money is derived therefrom.
silversoul7 7 months ago
Always appreciate your analysis Joe.
PersianPaladin 7 months ago