Despite the brevity and his

December 2025 Forums General discussion 100% reserve banking Despite the brevity and his

#87020
alanjjohnstone
Keymaster

Despite the brevity and his (understandable) explanation that he does not conduct lengthy email exchanges on an individual basis, i think we should persist with my suggestion that we contact him with the view of creating a dialogue via the Socialist Standard.A formal invitation should be offered setting out our idea to him, appealing to his professional integrity that both sides of the debate should be presented and that ours is the Marxist and not the Krugman critique.If i recall accurately an earlier post on Keen on this thread, his answer in his exchanges with Krugman is that there can be a time-lag in the accounting but deposits must match loans eventually – money from thin air, indeed – but only temporarily.But perhaps i misremembered or misinterpreted. I've said enough times i have not the economic understanding that others possess in the Party