Posts tagged as:

money

Banks, Central Banks and Money

18 December 2009

One misconception about the mechanics of money that I mentioned in my last post is the idea that banks can hoard their reserves at the central bank* rather than lending them out.
Here I will explain why this idea simply does not make sense, but no more casinos and gaming chips. No more senior croupiers and [...]

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How Money Works

11 December 2009

Over the last couple of years as the global financial crisis unfolded, a subject I have spent a lot of time thinking about is the nature of money. I have been planning a blog post on the topic and the time has finally come.
The catalyst for finally writing this post was attending last week’s 16th [...]

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Park the Debt Truck!

16 July 2009

About two months ago, I tried to bring some perspective to concerns about growing government debt in Australia. Last week the opposition has rolled out the “debt truck” to add to the hysteria about growing government debt, so I feel compelled to return to the subject for another attempt.
Last time I looked at net debt [...]

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