what a speech!!! Richard!

Please be so kind to provide the link to prof. Werner's presentation.

Credit creation still doesn't negate the law of contracts whereby there needs to be both full disclosure and equal consideration. No-one who gets a loan knows that the money didn't exist and was created. That equals fraud. Equal consideration where both sides stand to lose an equal amount. Money created out of nothing means only the bank benefits out you either repaying or not as they get to repossess your assets or receive payment plus interest. You are only poorer. That equals cheating. Not a good deal except for bankers

Not only Mr Werner has fully understood how our economy and financial markets work, but he has also the courage to speak up and clear. Not like some other few economists teaching at Harvard, MIT or Stanford, sometimes granted the economic Nobel price, who understand as well but keep it quiet or even lying to their students, because they want to keep their privilege and high salaries and are happy to be the puppets of our banking system. Thank you Mr Werner, and shame on the others.

desiebenthal.blogspot.com/2018/06/fetes-pour-la-votation-du-10-juin.html

Excellent idea! I hope all nations will follow suit. In the US, monetary policy has pumped $30 trillion of QE straight into the finance sector, which only exacerbates "austerity" tactics worldwide in order to buy up national assets and social services. This neoliberal system is like a fire out of control. It must end. I hope you make history on June 10th!

❤️👍🏽🤗genius.

I want to see a panel with Richard Werner, Steve Keen, Warren Mosler, and Michael Hudson.

I dont need a business PHD to know what the world needs to do what it has always done about FIAT money = RESET TO GOLD = @ $200,000 current FIAT / 1 oz GOLD....

Professor Kotlikoff must see how Credit Suisse (properly documented by the Swiss National Bank) created its own equity during the GFC in 2008. Barclays (and many others) also did so but their process was shrouded in mystery. Maybe the Mutual (and other) Funds, Collective Investment Vehicles, Fund of Fund Structures and the like should buy out Community Banks with Equity and use the present system described by Dr. Werner to make the changes from present rules governing banking institutions.

20:45-55 Mr. Kotlikoff: Mutual Funds are small banks (intermediaries) STATEMENT vs. Dr. Werner's earlier exposition of how banks create the money supply. Question 1: When a bank makes a loan, when is it cancelled? Answer: Repayment (less often) or Refinancing (more often)! Question 2: How are PRIVATE SAVINGS created by the Banking Sector? (Versus the Government Sector-which is already MMT-known) Question 3: How do Private Savings end up in Mutual Funds (and the like Collective investment Vehicles, et. al.)? I have no answers for these.