Circuitism
Categories: Financial Theory, Banking
Circuitism is a theory about how our economy functions at the macro level. The same guy who is most well-known for writing The Communist Manifesto, one Karl Marx, presented this theory. The theory basically offers an idea of how money circulates through the economy. Marx thought the supply of money out in the world...came from how much money was demanded.
Obviously, we know Marx had another dumb idea with this one. The Fed controls how much money is printed in the U.S. as an attempt to control a bunch of other economic factors.
