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Which MPs understand the magic money tree?

magic money tree parliament

For years we’ve been saying it’s crucial our politicians understand where money comes from -  that banks create almost all money in our economy, resulting in an oversized financial sector and property bubbles. Now we have a chance to see how effective the Positive Money campaign’s been by finding out what MPs know today.

medialAxisIsn't one simple way for the govt to borrow money is for it to borrow from savers. After all, private debt is circa £1.5 trillion so there exists £1.5 trillion of savings earning next to nothing. Perhaps if this argument was put to MPs it might give them some insight in to how cockeyed the system ...

July 2017
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