An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, July 9, 2020
Mike Norman MMT podcast episode 6. The financial sector is too big and should be shrunk.
Yup: According to Mervyn King (former governor of the Bank of England) the assets and liabilities of banks in the UK expanded a massive TEN FOLD relative to GDP between about 1970 and 2000.
Yup: According to Mervyn King (former governor of the Bank of England) the assets and liabilities of banks in the UK expanded a massive TEN FOLD relative to GDP between about 1970 and 2000.
ReplyDeleteRalph it’s probably all risk free assets put on to depository balance sheets by the central bank
ReplyDeleteOnly one juicing is Fredo Cuomo.
ReplyDeleteFredo owned by sweaty ramen kid:
ReplyDeletehttps://twitter.com/stfrtrader/status/1272059611063955456?s=21