tag:blogger.com,1999:blog-2761684730989137546.post9010164616296342027..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Steven Keen gets grant for modelmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-66916962085684704422011-09-27T15:16:28.976-04:002011-09-27T15:16:28.976-04:00in the article it says he starts with loans.... wr...<i>in the article it says he starts with loans.... wrong</i><br /><br />Wondering the same. If the vault = thin air i.e. where fiat money comes from then the model seems to imply the private sector borrows money into existence rather than earns it.MortgageAngelhttps://www.blogger.com/profile/02797341866990387426noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-60853253248677345682011-09-26T22:35:03.929-04:002011-09-26T22:35:03.929-04:00that's great but can he work with MMT to incor...that's great but can he work with MMT to incorporate vertical money and actually get it right?<br /><br />in the article it says he starts with loans.... wrong?wh10noreply@blogger.com