Summary: This week our guest is Dan Kervick. By day Dan works in the book publishing industry. By night, Dan is an independent scholar, specialising in the work of the British Philosopher David Hume, and a regular blogger on progressive and egalitarian economics over on: http://neweconomicperspectives.org We discuss the institutional working of the banking system, how reserves really work, bubble blowing and the logic of quantitative easing, military Keynesianism, and the role of capital flows in the modern economy.
