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Coley54321Isn't it also massively anti competitive? Why give company X rather than company Y? What gives them the right to create this distortion?...

12 hours ago
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Simon BazleyHi James, A couple of points. I disagree that banks create anything. I believe that we, the people, create money. I think that banks actually launder the entire principal into their unwarranted possession when they issue a purported loan. I say purported as no loan actually ever transpires as w...

4 days ago

James MurraySimon,You may know that any amount of 'consideration' is sufficient to form a contract.So that if I offer to sell my house to you for a bar of chocolate, then that is quite sufficient to be an enforceable contract. (provided it is writing, signed etc).The point is that the bank may 'create' funds by...

6 days ago

Simon BazleySo, no suprise really, but after a week there is still no response from Ben (or anyone else at PM) to what is in reality a very simple question. You would think that PM would want to refute such a claim that the 'solutions' of an organisation that purports to be about economic justice is in fact bu...

2 weeks ago
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Jonathan Peretz ChanceThe differences between governments and corporations are rather superficial. How would "public banking" significantly change anything unless the currency unit is transparently defined as done with Silver Dollars, Renewable Energy Credits and Location Value Tax units?...

3 weeks ago

Graham HodgsonAccountability as to consequences...

4 weeks ago

richard tofieldwhy is it that when people learn that money is created by banks they think 'we must take away the ability of banks to create money' not 'i want a banking license so i can create money and mortgages free of interest'?,maybe because the likes of Positive Money steps in with a handy answer before the p...

4 weeks ago
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Roger Glyndwr LewisRJ, It may be that we are talking at crossed purposes. what we are talking about are political constructs, man made systems of political economy as such there are many options and many outcomes. Social science is about opinions , sensibilities even taste. Money can be created with or without interes...

4 weeks ago

RJ"Faith based beliefs by definition" All beliefs have evidence to support them. Otherwise they would not become a belief. Its just that you believe in one type of real beliefs compared to other non real types. You have a belief supported by evidence from your "expert" to back this up of course. And y...

4 weeks ago

Roger Glyndwr LewisFaith based beliefs by definition can have no evidence to support them RJ. That is why they are called Faith based beliefs. On the lingusitics of metaphysics I highly recommend Quines two dogmas, here is my favourite quote from the paper. ´´As an empiricist I continue to think of the conceptual sc...

4 weeks ago
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