New YouTube video explaining government money creation to Ray Dalio
Both Government and Private Debt Create Money
The sequel to my very popular video on what Ray Dalio gets right about credit is now up on YouTube:
Please watch, like, subscribe, and promote to your friends and family and work colleagues, and maybe even people you don’t like!
I’ll do a more detailed video soon on what economists don’t understand about money, which is the root cause of the paranoia that people like Ray have about government debt.
Absolutely stellar video, and arguably one of the single most important explanations of our economy that is a must-watch for a reality based description of how it actually all works. Phenomenal work Prof Keen.