Chapter 3: Loanable Funds
Aus: Money and Macroeconomics from First Principles, for Elon Musk and Other Engineers.
Quelle
| Format | Veröffentlichung | Link |
|---|---|---|
| Blog | 2025 | https://substack.com/home/post/p-158090786 |
Wahrgenommen von Heinrichsgeist: 2025. Zitate auf dieser Seite beziehen sich auf diese Quelle, sofern nicht anders gekennzeichnet (Zitationszweck: Anschauliche Hervorhebung ausgewählter Passagen).
Interessant
VWL Lehrbücher (bspw Mankiw) vertreten die loanable funds Theorie.
Therefore, if Loanable Funds is an accurate description of how banks operate, then a fiscal crisis is inevitable if the government habitually spends more than it takes back in taxation, and government spending muse be reduced to be equal to, or less than, revenue from taxation.
However, there are strong arguments that Loanable Funds is a false model of how banks operate. An alternative model, known as Endogenous Money, is a minority position in the economic literature, but it was endorsed as correct by both the Bank of England {McLeay, 2014 #5066}and The Bundesbank {Deutsche Bundesbank, 2017 #5312} after the Global Financial Crisis.
