@theRealKiyosaki Do you realize that all money is created as debt? If there was no debt there would be no money. it doesn’t have to be this way, but at the moment, the size of the debt m tells you how much money there is in the system.
@DrRichardWerner Richard, isn’t it true that government spending creates money, but subsequent bond sales destroys it? So if government deficits are fully matched (‘funded by’) by bond sales, as often required by national rules, there is no net money creation?
@scientificecon Gripping! Loved it. Such a breadth of topics explained so well, in historical context and mixed with personal anecdotes from someone in pivotal places at pivotal times. Wow. Thank you Professor Werner.
Tucker’s comment “I think you need a food taster” - I worry for you.