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Bank of England – Money is endogenous. Quite a big deal!

Bank of England – Money is endogenous. Quite a big deal!

This post describes the changes in the Bank of England’s thinking regarding the nature of money (although Pilkington states there is still a lot to criticize). And this is quite a big change, away from neoclassicism to Post-Keynesian thought! If only the ECB would be as intellectually flexible…

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