Noah Smith wrote a piece on Tuesday rejecting the idea that credit enables economic growth. His position can be summed up in the following quotes: "If I borrow, I can get a nice big TV and a new car, ...

Textbooks explain that the Federal Reserve's (Fed's) open market purchase results in the multiple creation of loans and deposits (i.e., "reserves make deposits"). However, post Keynesian economists ...

(I come across this topic quite a bit and I think it's hard for some people to understand, so I am going to get a little nerdy here and see if I can clarify how financial instruments are created and ...

This paper criticizes attempts to mix financial stocks and flows to offer a theory of interest rate determination that is consistent with loanable funds theory. It offers an alternative interpretation ...

Endogenous and exogenous are economic terms to describe internal and external factors respectively affecting business production, efficiency, growth and profitability. You are not able to control all ...

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