I'm very thankful to Alex for identifying the concept he calls a "broken knowledge system," which helped me clarify my understanding of how money is created. Here's a quote from Appendix 3 of my book, "A Black Hole in Economics":
"The confusion and controversy over how money is created—an issue that should be standard knowledge among economists and their students—is evidence of a defective knowledge system. The situation resembles other broken knowledge systems, such as some biased (but popular) accounts of history, the counterfeit “scientific consensus” regarding climate science, and the “common knowledge” prevailing in some fields of medicine, to name a few."
I'm very thankful to Alex for identifying the concept he calls a "broken knowledge system," which helped me clarify my understanding of how money is created. Here's a quote from Appendix 3 of my book, "A Black Hole in Economics":
"The confusion and controversy over how money is created—an issue that should be standard knowledge among economists and their students—is evidence of a defective knowledge system. The situation resembles other broken knowledge systems, such as some biased (but popular) accounts of history, the counterfeit “scientific consensus” regarding climate science, and the “common knowledge” prevailing in some fields of medicine, to name a few."
And here is a live example for readers to see, from Jennifer Marahosay in Australia.
https://open.substack.com/pub/jennifermarohasy/p/my-senate-submission-vanishes?utm_source=share&utm_medium=android&r=jxn9u