Listen to the new show on Bradford Community Broadcasting 106.6FM radio “Why don’t economists…” that was taken at the Manchester Post-Crash Economics Society conference, presented by Marie McCahery.
Why don’t economists think about money more and how money is created and what effect it has on the economy? Interview with Ben Dyson, founder of Positive Money starts at 22m23s here:
“Many economists completely ignore money. E.g. the simple fact that 97% of all money that exists is not created by the government but is created by banks when they make loans – and just understanding that affects everything, like house prices, household debt, risk of financial crisis… But most economists ignore that in their analysis.”