{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/62ef9f1c81fbba00125b204d/63109e9eae5d1300124b81df?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The growth of credit is slowing money down","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/62ef9f1c81fbba00125b204d/1660807404311-a50541b0120252f09b5f5ff90c388b06.jpeg?height=200","description":"<p>In this podcast Prof Steve Keen and Phil Dobbie revisit the velocity of money, with a focus on how increasing credit is a major determinant in why the speed of money transfers has been slowing markedly since the eighties. But, it’s not just that. As Steve observes, its part of a complex system. Far more complex than Friedman’s MV=PY equation. We also include comments from listeners who listened to the first podcast on this topic.</p>","author_name":"Steve Keen & Phil Dobbie"}