Money
Steve Keen says leading economists confused debt levels with annual credit flows
Tom Bilyeu Impact Theory
Everything You Know About Government Debt Is Wrong | Steve Keen
"They mistake credit for debt. Okay? They have no idea. They don't even look at the banking sector."
Keen claims mainstream economists misunderstand basic banking concepts, arguing that a 2010 paper he cites treated debt-to-GDP levels as though they were annual credit flows. He says the error helped economists dismiss credit dynamics during analysis of the 2008 crisis.
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Tom Bilyeu Impact Theory