On Money

"Money Creation in the Debt Economy Understanding money is not easy, underscored by the fact that many traditional economic theories almost ignore it. However, developments especially within the post-keynesian school means that we today have a better grasp of money’s role in the economy. 

"The Mirage of Austerity Economics” The neoclassical macroeconomic accounting identities do not add up, among other things due to their lack of understanding money dynamics. Thus, when they are used to justify austerity policies, they have no reality content, which means that they are just that: policies preferred by an policy controlling economic elite, prefering other to pay when their previous excesses come back to bite.