So much talk about UK Labour courting foreign investors at the moment and it got me thinking. Are these investors using money they actually have - I suppose the right word is equity - or are they simply intending to to borrow the money from banks once they get the backing/contracts from UK government? Anyone point me in the right direction? Many thanks in anticipation.

Richard Murphy and Warren Mosler are joining forces in promulgating MMT to the masses. https://www.taxresearch.org.uk/Blog/

Hi Guys, can any of you clever people help me understand how foreign money gets into the UK economy? I was listening to a piece on the radio this morning about the benefits to the UK economy of educating foreign students at UK universities. Now if we were talking commodity money, say for argument's sake gold coins, the answer is obvious. The students bring their gold and spend it in the UK. Less gold coins in, say, China, more in UK. But with fiat money I'm not so sure. The Chinese student, for example, uses their Renminbi which are exchanged for pounds, and those pounds are paid to the universities and spent into the UK economy. As the renminbi never leave the Chinese banking system and the pounds never leave the UK banking system I'm not sure how pounds can be added to the economy so presumably there's some kind of redistribution going on? The foreign exchange trader has taken renminbi and given pounds. The foreign exchange trader now has less pounds and more renminbi and the UK universities and the economy have more pounds but the UK banking system as a whole has no more pounds. They are just distributed from the FX trader to the UK universities/economy. Is it an ownership thing? Are the pounds the FX trader holds not considered part of the UK economy? It's probably obvious and I'm over thinking things. But I struggle to get my head around this. Any help gratefully received!

Rebecca Gorman's comment (are you still in the group, Rebecca) highlighted something I'm conscious of myself: that I'm cramming too much information into too few lectures. I expanded the number from 7 to 10 just to (a) enable me to separate Ravel from Minsky, and add lectures (b) on what microeconomics should be and (c) the flaws in Neoclassical economics. Should I go further, for the sake of people's comfort in absorbing my material?

Hi Guys, commerical banks don't lend out deposits they simply create money when they make a loan. So, my question is what do they do with my savings apart from pay me interest. Presumably they invest the money in some way? And how is this modelled on the Minsky Software? Thanks.