What I meant was that nothing I have read makes sense to me - it doesn't add up. I've just gone to read wiki again on what he thinks. Makes no logical sense to me.

I can't make out whether he is talking about the production of money or the production and distribution of goods.

The fact that anyone who teaches or speaks about economics is about as clear as mud says it all. I believe what Einstein said, "If you cannot explain it simply, then you don't understand it well enough."

I am looking for a simple explanation and I've never found one.