Maybe Greenspan has finally read Soft Currency Economics?

>    >   (email exchange) >    >   On Fri, Oct 8, 2010 at 9:28 AM, Eileen wrote: >    >   Greenspan comments from last night. Of course, he hasn’t said that loans create deposits, >   but he’s finally acknowledging excess reserves. Reported by BBG TV: >    >   “If you add to excess reserves and they just sit there, you’ve merely gone through […]

Cliff’s Speech

[Skip to the end] (the blockquotes represent powerpoint slides) September 10th, 2007: Speech given at the Foundations and Endowments Investment Summit pdf version How Modern Money Operates and the Consequent Investment Implications by Cliff Viner, III Associates I’m taking a great risk here today. I’m taking a great risk in presenting statements that may be […]

Seeking Alpha: Looming Financial Catastrophe: A Real Inconvenient Truth

[Skip to the end] view article jlbIII commented: I know I, for one, hate having to continually get int that time machine to ship all those cars and computers back to 1945 in order to support my reckless grandparents who wracked up such huge debts to pay for WWII. It’s only somewhat helped my the […]