Bookpresentation: Where Does Money Come From?
Buchvorstellung: Where Does Money Come From?
There is widespread misunderstanding of how new money is created. Where Does Money Come From? sets out the mechanism by which banks create new money when they extend or create credit, either through making loans or buying existing assets.
Investment can therefore be funded primarily by credit, not savings, contrary to neo-classical beliefs.
The book considers the macroeconomic consequences for stability and investment before outlining a number of potential approaches to reform.
Format: Book presentation Explanation
Track: General / Allgemein
Available languages: English