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Ivo Mosley (Guest Author)

Ivo Mosley is the author of 'In The Name Of The People' (Imprint Academic, 2012) and of the forthcoming book 'Bank Robbery'.

Bank Robbery: How to change the system

monetary reform

The nature of money Essentially, money is a form of property. Your money is your money, mine is mine, otherwise money has no meaning. Money is property in the abstract. The most interesting example of money as pure property is the stone money of Yap: some large stones sank in the sea generations ago while being carried from one island to another; but they are still acknowledged as money. It is irrelevant that they are at the bottom of the sea; everyone knows who owns them. The stones are exchanged for other property – even though they sit on the seabed.

SimknFurther to previous, creating the money as a loan rather than as Sovereign money, means it is retired from the economy as loans are repaid. This would be mildly deflationary, and deflects criticism from neo liberal economists who say the policy would cause inflation. The two big issues are how much ...

10 hours ago

SimonSome current criticisms of monetary reform :- Not enough credit will be created if commercial banks don't do it so there will be a recession (Anne Pettifor). This can easily be overcome if the Bank of England creates more as it knows how much is in the economy. The B of E only has the very blunt ins...

12 hours ago
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Marco SabaStraight to the point. Well done !...

2 days ago
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JohnWhy are u lying ? Rich white males set up this ? It was rotchilds..u now who they are, who they belong to..certanly not white people !!!...

Yesterday

Vince RichardsonYes I agree that's why PM is campaigning to overturn a)the tools CBs can use and b)teach economic students about money creation, which is not on Economic curriculums (which IS very bizarre).So we are adressing those issues,it may be wishful thinking but my sentiment is that CB's are here to serve th...

Yesterday

medialAxisCentral banks have known for decades how our money system works and that what was being taught in colleges was contrary to reality. Anyone any idea why the central bank did not inform colleges of the disparity?Bitcoin isn't just money, that's just the first app, as they say. And not all altcoins are...

Yesterday
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James MurrayAnd RJ,There was much hilarity when it was posited that you should have been sponsored to attend last Saturday's course on PM Speaker Training. Many supported the tragic abscence of your incisive grasp of Journal Entries and Bank Reserves. Ah well, we just managed to struggle on without you.Best,Jim...

July 2016

James MurrayDo y'know, I have a sneaking feeling that Andrea Leadsom may be the best thing happening in politics for Public Money Creation.She was the Treasury Spokesman at the Positive Money Sept 2014 debate at the House of Commons.There, she did not really speak against as much as ask a bunch of questions, wh...

July 2016

Sumal Rajwhat percentage of money would be bank expenses and dividends considering the economy as a whole??say for a year??...

July 2016
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