Talk:Monetary circuit theory

Deletion

I think this article is a hoax. All it describes is a basic economic fact that banks can create money. This is dealt with extensivley in the monetary policy articles. Jmckeon ie (talk) 02:37, 25 December 2011 (UTC)

Money multiplier vs. reserve ratio

I'm going off of a description off of this site, which I believe has a generally chartalist philosophy, to assert that this statement: "circuitism rejects, among other things, the money multiplier as a causal agent" is wrong. It doesn't reject the money multiplier, it rejects the reserve ratio as the cause of the money multiplier. I'm making the edit, because it sounds like monetary circuit and chartalist are about the same thing, and this will get the article closer to the truth than it is now, but others might want to look at this to make sure.

Error in Article

The article states, "circuitism distinguishes between hard money – money that is exchangeable at a given rate for some commodity, such as gold – and credit money."

This is not true. MCT analyzes what is called "hard money" as simply an administered price and a type of artificial constraint. All money is a debt of the issuer.

P.S. I'm not sure how to perform edits.Vilhelmo (talk) 03:59, 27 December 2012 (UTC)

@Vilhelmo: in case you didn't find out, to edit just click 'edit' at the top of the article or section. I recommend being bold and going ahead if you have an improvement for an article.Jonpatterns (talk) 10:35, 20 March 2014 (UTC)