Mish Shedlock, Dr Tim Morgan, Warren Mosler and Conventional Pieties.#politicalEconomy #EnergyEconomics #StakeholderDemocracy #Direct Democracy #Subsidiarity

Ultimately, this was all about a loss of trust. Even a perfectly sound bank can collapse, if trust is lost. Because banks are in the business of borrowing short and lending long, there is no way that they can call in loans if depositors are panicked into pulling their money out.This sentence from Dr. Tim … Continue reading Mish Shedlock, Dr Tim Morgan, Warren Mosler and Conventional Pieties.#politicalEconomy #EnergyEconomics #StakeholderDemocracy #Direct Democracy #Subsidiarity