Posts Tagged ‘Spending

By: Andrea Terzi

No, it never does. The total amount of deposits in the banking system cannot change as a result of spending decisions by households or firms (technically, the “non-bank private sector”). Spending decisions can only move deposits from one account to another, and cannot cause a change in overall deposits.

Read the rest of this entry »


3rd Mecpoc symposium

When: 20 April 2010

Where: Franklin Auditorium

  • warren mosler: The Russian default was a typical fixed exchange rate blowup. The ruble was fixed at 6.45 to the [...]
  • Robert Searle: I think when we are talking about banks, and money we are actually discussing ELECTRONIC DATA. T [...]
  • Jonathan Stanford: Was the foreign USD debt burden enough to bring Russia to insolvency during the 1998 crisis? Because [...]
  • Jonathan Stanford: Where di insolvency stem from in Russia in 1998 then? They devalued the RUB and defaulted on RUB den [...]
  • 2nd Mecpoc Symposium | Mecpoc: [...] If you wish to join this event, please confirm your attendance by filling out this form. [...] [...]