08 Apr '12, 2pm

My blog on Paul Krugman's failure to understand bank credit creation @theneweconomics @profstevekeen @positivemoney

My blog on Paul Krugman's failure to understand bank credit creation @theneweconomics @profstevekeen @positivemoney

"Keen then goes on to assert that lending is, by definition (at least as I understand it), an addition to aggregate demand. I guess I don’t get that at all. If I decide to cut back on my spending and stash the funds in a bank, which lends them out to someone else, this doesn’t have to represent a net increase in demand. Yes, in some (many) cases lending is associated with higher demand, because resources are being transferred to people with a higher propensity to spend; but Keen seems to be saying something else, and I’m not sure what. I think it has something to do with the notion that creating money = creating demand, but again that isn’t right in any model I understand."

Full article: http://www.neweconomics.org/blog/2012/04/08/the-strange-c...

Tweets

Have you checked out Visual.ly's #infographic creation tool?

Have you checked out Visual.ly's #infographic c...

seop.com 08 Apr '12, 9pm

Visual.ly unveils infograph creation tool Grow your business , search engine optimization , social media | Tweet Comments ...

Using Data To Better Understand Tablet Consumer Behavior

Using Data To Better Understand Tablet Consumer...

searchengineland.com 06 Apr '12, 1pm

The emergence of the tablet PC as a legitimate device for online activities beyond media consumption has turned the eyes o...