Money, Finance and Human Values, Lessons From the Twentieth Century
Journal: Economics World
Year: 2018

In the analysis of the present day crisis, the paper considers a result of commercial banks deregulation: blowing financial transactions, widespread new Keynesian flow of marginal monetary basis, jumpstarting financial instruments, short-term based financial program trading speculation. In this way, the research starts from the last market bubbles collapsed in the years 2000 and 2007-2008: dot-com, subprime and derivatives. Its results confirm the effect of the general persistence of wrong monet