Last week I introduced the idea of a hierarchy of money. Each level is a claim on the level above: Securities are a promise to…
Category: Money
Over the last few weeks I’ve outlined how our current monetary system works, what problems this causes, and briefly outlined some of the ideas currently…
We’ve seen in the last few weeks that money is created when banks make loans, so increasing the money supply in line with productivity is…
Last week I introduced you to the “Sovereign Money” movement. An international network of organisations has sprung up since the last financial crash campaigning for…
So what can be done about our systemically flawed monetary system? Well I’m afraid if you’re looking for easy solutions you’re in the wrong place…
Over the last 2 months I have given an overview of how our monetary and banking system work, particularly in the area of money creation…
Last week I pointed out the fundamental, systemic flaw in our current monetary system: The money supply can only expand through an increase in private…
Over the last 2 weeks we’ve seen how our current money and banking system fuels cycles of boom and bust, with banks making loans (creating…
This week I wanted to show you visually some of the effects we’ve been talking about over the last few weeks. One of the points…
So why does all this matter? First of all, you need to think back to the conclusion drawn in this post: “Decisions about who to…