I've just started listening to the episode, so maybe I'm ahead of myself but I have a Master in economics and taught at the college level in the 80s. I left the discipline and did other things in the 90s and throughout the rest of my career before retiring. However, having taught principles and intermediate economics as well as money and banking, I was startled to hear that it's news that banks create money. Of course that's how money creation works. That's what I taught throughout the 80s in conventional economics courses. How bizarre if everything has changed. Glad I'm just a retiree listening to podcasts while I work in my garden these days.
I've just started listening to the episode, so maybe I'm ahead of myself but I have a Master in economics and taught at the college level in the 80s. I left the discipline and did other things in the 90s and throughout the rest of my career before retiring. However, having taught principles and intermediate economics as well as money and banking, I was startled to hear that it's news that banks create money. Of course that's how money creation works. That's what I taught throughout the 80s in conventional economics courses. How bizarre if everything has changed. Glad I'm just a retiree listening to podcasts while I work in my garden these days.