Live with Ellis WInningham: Debunking the money multiplier myth and fractional reserve system lies.

* MACROECONOMIC REALITY * MMT *

Our weekly show "Sunday's with Ellis Winningham" continues discussing the banking system:

Debunking the money multiplier myth and fractional reserve system lies.

We will discuss public banking and overall banking operations and reform.

References for tonight... please read:

Banks don't lend reserves
http://www.economonitor.com/lrwray/2013/08/15/banks-dont-lend-reserves-who-knew-mmt-thats-who/

Money multiplier – missing feared dead
http://bilbo.economicoutlook.net/blog/?p=1623

Money multiplier and other myths
http://bilbo.economicoutlook.net/blog/?p=10733

Bank of England
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf

There is no such thing as a private sector US dollar
http://elliswinningham.net/index.php/2016/05/15/theres-no-such-thing-as-a-private-sector-us-dollar/