Thursday, 7 June 2018

Prof. Steve Keen On New Italian Anti-EU Govt, UK Brexit Negotiations, Austerity & More

Keen makes a good point at the end about central banks issuing currency that is accepted by the population and that this 'debt issued' money can be voided if needed, erasing or alleviating the consequences of having the population suffer from odious repayments. Money could be issued at zero or very low interest rates. If you conjure money out of thin air you can likewise evaporate it.

Of course the danger is in issuing too much money that causes inflation.

[Posted at the SpookyWeather blog, June 7th, 2018.]

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