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Tag Archives: Mandeville
Why Financing is not Saving: Fable of the Breads
by Dirk Ehnts I must admit that it took me some time to understand this: financing is not saving. You may finance all sorts of things, and savings are not a necessary part of this story. The reason why this … Continue reading
Posted in macroeconomics, money
Tagged Dirk Ehnts, Fable of the Bees, fiat, keynes, Mandeville, mmt, modern monetary theory
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