Excellent Commentary on Equilibrium (Neo-Classical) vs. Instability (Minsky) theory, as well as the relationship between base money and credit money.

Some very interesting points, which are backed by empirical data:
Base money does not lead credit money via the money multiplier effect. It is the other way. Credit money leads base money.
Deposits do not create loans. Loans create deposits (which is of course HyperTigers point)

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Primary Dealers Go Full Reverse Thrusters

LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 12, 2021

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His skewering of Bernanke is also excellent…

(1 of 3) Steve Keen on debt and the economy

(2 of 3) Steve Keen on debt and the economy

(3 of 3) Steve Keen on debt and the economy

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This Monster is Poised to Explode

LEE ADLER 2 - TECHNICAL TRADER APRIL 12, 2021

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