WIP SD representation of Steve Keen's MMT Minsky Model of an MMT fiat credit economy August 2020 patreon

The issue of increasing private and government debt to banks is a major concern after the financial crisis of 2008 (see Figure at link given below). In order to understand why our society and government is increasingly indebted to banks we need to understand how our current money system works and why we need a continuous infusion of new money in a growing economy. “Why We Are Increasingly Indebted To Banks?” investigates the reasons behind this and suggest a possible solution.

The issue of increasing private and government debt to banks is a major concern after the financial crisis of 2008 (see Figure at link given below). In order to understand why our society and government is increasingly indebted to banks we need to understand how our current money system works and why we need a continuous infusion of new money in a growing economy. “Why We Are Increasingly Indebted To Banks?” investigates the reasons behind this and suggest a possible solution.

WIP SD REpresentation of Steve Keen's BOMD Minsky model (described in Fig.5 of his patreon Jan2021 Draft New Economics Manifesto) to hope to make the causal structure clearer