Discussion — Lecture 4: The Money View, Micro and Macro
This session covers Lecture 4: The Money View, Micro and Macro This lecture connects up the money view with Hyman Minsky's cashflow-oriented view of the economy. The payments system is a credit system. The expansion of credit makes ordinary payments possible. But sometimes the expansion of credit has to come from above in the hierarchy. …
Discussion — Lecture 4: The Money View, Micro and Macro Read More »