How to Mangle Money

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8/4/2022Updated: 8/4/2022

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Commentary

In my last column, I explained how both governments and banks create money. The basics are incredibly simple—so simple, in fact, that the great non-mainstream economist John Kenneth Galbraith once commented that:

Steve Keen

Author

Professor Keen is a distinguished research fellow at University College London, an author, and has received the Revere Award from the Real World Economics Review. His main research interests are developing the complex systems approach to macroeconomics and the economics of climate change. He has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals. His main research interests are developing the complex systems approach to macroeconomics, and the economics of climate change. In an unusual step for a retired academic, he has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals.

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