In the previous blog posts we discussed why a new financial system is needed and what the alternative, a system in which the state is …
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Transition to a public monetary system
We need a serious public and political debate on the pros and cons of the current monetary system, the alternative of public money creation, …
Six obstacles that block the creation of a new financial system
Inflation phobia The main obstacle for public money creation has already been mentioned in the previous post: the fear that the creation of …
How can we do better? The alternative: money creation by the state
A well-functioning monetary system is essential for a well-functioning economy and thereby, for the common good. The state is the agency …
Socialism for the rich (Drawbacks of our current money system)
Private money creation: from crisis to crisis There are many reasons to change the current money system. To begin with, the current …
Money creation is a lucrative business for private banks
How is money created? Most people, including many economists, think that central banks and thus government creates our money. The …
What is money and what have we made of it
Money is a medium of exchange, unit of account and means of saving. As a medium of exchange money serves to facilitate trade. As …
Lack of money – Understanding our monetary system
The past hundred years have brought us unprecedented development, especially through ever-evolving technology. In consequence never in …