central bank

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory. (actualized version)

Among other things, we try to establish a connection between the credit creation of private banks (and the central bank), general indebtedness and economic growth under capitalism, and all this with the inclusion of a critique of Modern Money Theory. …

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory. (actualized version)

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory.

Among other things, we try to establish a connection between the credit creation of private banks (and the central bank), general indebtedness and economic growth under capitalism, and all this with the inclusion of a critique of Modern Money Theory.This …

Credit Creation, Debt and the State with Special Reference to and Critique of Modern Money Theory.

The Financial Capital – State Nexus

The interconnection or linking of government and financial capital is written now in academic literature today as the operational-organisational state-financial nexus. (Cf. Malik 2014) This state-financial nexus (the state’s management of the economy by ministries of finance, central banks, informal …

The Financial Capital – State Nexus

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

… If no one borrowed, our capitalist economies would go into severe contraction because the vast majority of our money is created as debt. This is why financial elites were rattled during the global financial crisis: they feared credit would …

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

Contingency and Foundation: Rethinking Money, Debt, and Finance after the Crisis

The origins of the financial crisis of 2007–8 have been widely understood in terms of the financial system having transgressed the boundaries of its proper role and place in society; and the response has been driven above all by a …

Contingency and Foundation: Rethinking Money, Debt, and Finance after the Crisis

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