Imagine you live in a community with no money and you make furniture for living. Every time you want to buy something you need to exchange …
Understanding Money & Debt
We Used to Have Debt-Free Money
A Drop from 46% to 2.6% The proportion of money created free of debt dropped from 46% to less than 3% since 1946. Over past months I have …
"Pay Off Your Credit Cards for Sake of the Economy!" …You Can't Be Serious, Mr.Cameron!
The question is often asked "Do Ministers understand about the economy?" Well, if proof were needed then today's headline in The …
Conference on Banking – Cracks in Lord Turner's Argument
On Thursday 29th September, The European Conference on Banking and the Economy - with a head-line "Banking: Seeking a new paradigm" - took …
A New Dawn, a New Day, Where is the New Thinking?
We are now constantly hearing there is a need to stimulate growth if our stagnating economy is to be revived. What exactly are those calling …
Debt Is Anti Competitive
Today we will look at how debt based funding is anti-competitive. First of all we will discuss large disincentives to competition then small …
It's Not a Credit Crunch; It's a Money Crunch
The phrase credit crunch is being used again by the media to describe the freeze in lending that can occur at the tipping point of economic …
Visualising Money Circulation
Many economics textbooks include diagrams to show how money flows within an economy. The diagrams almost invariably show the different …
What Exactly is Full Reserve Banking?
The definition of full reserve banking can be a source of much confusion and consternation. The confusion revolves around the definition of …