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…
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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…
I’ve now, in three posts, given a basic (but reasonably complete) overview of how money creation actually happens in the real world. But what you’ve…
It’s now been 16 weeks of posting every Friday, and I’ve reached the end of a series of posts setting out some fundamental concepts. I…
This is an extra blog post – it doesn’t fit into the regular flow of 500-word Friday blog posts explaining how the economy works and…
Over the last 2 weeks I have given a brief overview of financial assets and their vital role as the main form of saving in…
Dynamicland has a neighbour, Multiplyland – and they’ve invented banks. It’s such a great innovation that Bob moved to Multiplyland, so he can put his…
Last week I used a model of a very simple economy – cash only, no innovation, nothing ever changing – so that we could see…