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Banking Quote by Steve Keen

“...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies…” quote by Steve Keen — Download Open image

““...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings...””

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Economics is too important to leave to the economists.

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“As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of the optimizing…

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“From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which ultimately led…

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If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then…

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More Banking quotes

If I could wave a magic wand, I'd break up the banking system.

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Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…

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I am alive. Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…

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When a government is dependent upon bankers for money, they and not the leaders of the government control the situation

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My father was in real estate, banking, and land management. As family life, it was very conventional, happy, and comfortable. We weren't wealthy, but…

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I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.

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I have nothing against investment banking, but it's like massaging money rather than creating money.

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If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.

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“Intellectually and compassionately explaining the reason freedom works is required for credibility.”

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A banking system is an act of faith: it survives only for as long as people believe it will.

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