Steve Keen on Minksy

November 18, 2009

One of my favorite economists talking about one of my favorite economists (ht Yves). Liberal use of the “pause” button to read his slides is recommended. He also goes into great detail about his “roving cavaliers of credit” thesis, which, in a nutshell, argues that money isn’t created by the Fed, it’s created by banks.

The slide on Bernanke around the 12 minute mark is very interesting.

One comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Rod Laver of economists

Posted by Tim | Report as abusive

[...] big thanks to Rolfe Winkler for this excellent speech by Steve Keen on the modern economy and the outlook.  I have really [...]