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.

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Rod Laver of economists

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