Malinvestment and Endogenous Money

So much has been written about the endogeneity of money that I thought it was now widely accepted. But recent exchanges have shown me that people STILL aren’t getting it. Most recently, there have been two themes doing the rounds that bother me:

Size in Banking: Efficiency of Scale vs. Abuse of Power

by Guest Authors: Eric De Keuleneer, and Nastassia Leszczynska Editor’s Note: This is posted as a companion article to The Great Debate©:  Will Dodd-Frank be Effective? Introduction: Economies of scale, optimal size and competition in banking It is worth looking at the last decennia in the banking sector to reflect on the relation between …