The Bank of England’s totally wrong response
Debunking Economics - the podcast
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The Role of the Money Supply in Stimulating the Economy
The m2 money supply in the uk went from 2.4 trillion uh up to 3.2 trillion last september so it's up by a third. The modern monetary theorists are making that the government deficit creates money and that even interest repayments create money on new bonds. This is nonsense, he says. He wants to talk about this more next week because if you push it interest rates you're actually stimulating the economy.
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