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Double Entry Bookkeeping With Ravel: What Treasury Bond Sales Actually Do 3/8 

ProfSteveKeen
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Mainstream economists believe--without having done the double-entry bookkeeping--that Treasury bond sales amount to the government borrowing from the private sector. Checking the double-entry bookkeeping gives an entirely different answer.

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6 сен 2024

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Комментарии : 4   
@cyberpunkalphamale
@cyberpunkalphamale Месяц назад
For reference, Kenneth D. Garbade (K.D. Garbade) has written great monograms on the history of US Treasury and Federal Reserve policy. He was a long time analyst at the NY Fed, recently retired. Some of his papers explore the history behind those laws mentioned in Prof. Keen's explanation.
@webfreakz
@webfreakz Месяц назад
I was not expecting to see "tax" item in the Godley Table for the Central Bank..?
@BigMikeGuitar
@BigMikeGuitar Месяц назад
Please re-title this video series as 1/6, 2/6, etc.
@webfreakz
@webfreakz Месяц назад
Which law is it, can we find the exact text?
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