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645. Making Money Work: Banks, Capital Theory, and the Fed’s Blind Spot with Steve H. Hanke
Steve H. Hanke is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University in the Whiting School of Engineering. He is also the author and co-author of several books on economics. His latest title is called Making Money Work: How to Rewrite the Rules of Our Financial System. Greg and Steve discuss why macroeconomics sidelines banks and money creation. Steve argues macro should rest on the Quantity Theory of Money and Capital Theory, including “waiting” as a factor of…
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