Miguel de Icaza ᯅ🍉Mar 19, 2023

Two career economists (not the ones minted last week on twitter) explain what happened at SVB, and what could be done.

Their books are delightful reads, but this post creates clarity in 5 minutes. Share and enjoy.

https://stephaniekelton.substack.com/p/magical-thinking-monetary-thinking?post_id=1091874

Magical Monetary Thinking at the Fed Killed SVB

By L. Randall Wray and Stephanie Kelton

The Lens
Show threadMiguel de Icaza ᯅ🍉Mar 19, 2023

Once you read the post, if you want two great follow ups, their books are fresh, clear, and in my opinion, worth reading for every citizen:

- Making Money Work for Us: How MMT Can Save America https://a.co/d/9xs2GZ6

- Deficit Myth https://a.co/d/gEWEq6F

Show threadTim DannerMar 19, 2023
@Migueldeicaza That looks like two links to the same book. Was there a second one you wanted to point to?
Show threadMiguel de Icaza ᯅ🍉
@tdanner oops fixed
Mar 19, 2023 at 4:14pmIvory for iOS