From a banker's perspective, the mainstream theory of banking is correct. Hire really politically connected, lever up and feign insolvency; collect public bailout. High Street's golden parachute.
There's a reason they don't want us (or your data) anywhere near monetary administration.
You're completely correct about loanable funds etc., but theoretics and reforms never changed anything for long. You need applied complete conceptual opposition AKA paradigm change to do that. Like nomadic hunting and gathering to homesteading, urbanization and agriculture or geo-gentrism to helio-centrism. This time its Debt As In the Burden to Repay ONLY to Strategic Monetary Gifting Utilizing Equal Debits and Credits that Sum Immediately to Zero. Craft additional policy around the new paradigm to mitigate consumption and to foster R & D for energy and rational ecological policy.
MMT hints at the new paradigm when it points out that government "debt" isn't actually debt at all, but a stream of revenue to the private sector, but they don't follow through with the pungent policies using accounting that I suggest in my book.
From a banker's perspective, the mainstream theory of banking is correct. Hire really politically connected, lever up and feign insolvency; collect public bailout. High Street's golden parachute.
There's a reason they don't want us (or your data) anywhere near monetary administration.
You're completely correct about loanable funds etc., but theoretics and reforms never changed anything for long. You need applied complete conceptual opposition AKA paradigm change to do that. Like nomadic hunting and gathering to homesteading, urbanization and agriculture or geo-gentrism to helio-centrism. This time its Debt As In the Burden to Repay ONLY to Strategic Monetary Gifting Utilizing Equal Debits and Credits that Sum Immediately to Zero. Craft additional policy around the new paradigm to mitigate consumption and to foster R & D for energy and rational ecological policy.
MMT hints at the new paradigm when it points out that government "debt" isn't actually debt at all, but a stream of revenue to the private sector, but they don't follow through with the pungent policies using accounting that I suggest in my book.
https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies/dp/B08X7MZ4KH/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr