welcome to three days ago's rhetoric

I bet you don't understand exactly why she's wrong tho

And you do?

Ooooh - palpable.

Minor quibble but wasn't she using "reserve" in the UK Companies Act accounts sense rather than the banking "fractional reserve" sense? 

Not that it matters to the main thrust of the article.

heh!

yes, I do

hence I was posting about it two days ago

I think that;s part of the problem, goose

SOME of her errors might not be errors if her words are interpreted in a particular way but she should really be clear about her meaning so that the errors can't be construed in the first place (obvs she was just wrong on account of not being an economist tho)

Yeah, PPE and a masters in African Studies. Not the most rigorous economics training.

it's a Momentum Youth Brigade classic

she tweets a lot about how annoying it is that people don't take her seriously (so sexist!) but if anyone says "Grace your analysis is shite" she will curl up into an armadillo ball whining "I'm just 24 don't be so MEAN"

she should have stuck to general politics like the other long-haired lovelies but I suppose the promise of a niche was just too alluring

I've read a dozen explanations of how banks and central banks work, including Mervyn King's entire book, and I still don't really understand it. 

well part of the problem is that most people have Opinions and a really irritating habit of making sweeping statements

"of course people who dismiss MMT don't appreciate the role of banks in creating VALUE"

er?

anyway I don't profess to know what the overarching answer to our apparently awful fate is I just know a nonsense merchant when I see one

Has Cookie been pwned?