An interesting discussion here from Steve Keen on loanable funds versus endogenous money in economic models, and a recent comment by Paul Krugman about IS-LM and endogenous money:
Steve Keen, “IS-LM (with endogenous money),” Debtwatch, November 5, 2013.
LK - May I direct you to this blog post: http://monetaryreflections.blogspot.co.uk/2013/11/keen-on-krugman-again.html
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