The battle to reform the American banking system needs to include reimposing the barrier between investment banking and depository banking (Glass-Steagall), pay incentives based on what is best for Americans and not just the top executives, the end of …
Posts Tagged ‘Basil Moore’
If Credit is Not Created Out of Excess Reserves, What Does That Mean?
September 21st, 2009 |
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We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…
2 Nobel Economists Confirm that Credit is NOT Created Out of Excess Reserves
September 20th, 2009 |
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We’ve all been taught that banks first build up deposits, and then extend credit and loan out their excess reserves.But critics of the current banking system claim that this is not true, and that the order is actually reversed.Sounds crazy, right?Certa…