Jan. 2025 - Minerva-rapport:
"Banken fungeren niet als geduldige ‘tussenpersonen’ die ongebruikte deposito’s die spaarders bij hen plaatsen uitlenen, maar creëren net die deposito’s door leningen uit te schrijven. Eerst komt de lening, dan pas de deposito."

Juli 2025 - NBB: "Loans create deposits"

Maar Belgische regering volgt uiteraard gezapig in de pas...
Willen we het even over zuivere geldverkwisting hebben?
👇
www.parool.nl/nederland/ha...

On dead end street of 'loanable funds theory' and why failing to take money seriously in economics will impoverish us all.
@SteveKeen
👇
profstevekeen.substack.com/p/britain-ca...

ECB staff finally converging on fact that 2020-2022 inflationary cycle was due to negative supply and energy (rather than positive demand) shocks.
Yet instruments used (interest rates hikes and wage compression) still based on assumption that too much demand w responsible.
🤦‍♂️🤦‍♂️🤦‍♂️

Before:
"We need at least five years of unemployment above 5 percent to contain inflation.

Now:
(after causing exuberant amount of unneccessary pain due to bad policy advice)
"Transitory factors were responsible for boost in inflation."

*facepalm*

www.bloomberg.com/news/article...