How is money created? Most people, including many economists, think that central banks and thus government creates our money. The …
Understanding Money & Debt
Bank Robbery: Economists and the Banking System (from Medieval times to Adam Smith)
Chapter 4 (Read the Chapter 1, Chapter 2 and Chapter 3) 1. From Medieval times to Adam Smith Over the years, many economists have noticed …
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 …
FT: The reality gap in the role of banks
"It is surprising that there is any debate about how banks work: surely it is crucial to an understanding of the drivers of both the …
Bank Robbery: Law and the Banking System
Chapter 3 The first chapter of this book described how private commercial bankers came to provide almost all of the money supply in the …
Lowering Interest Rates or Sovereign Money?
Seven years have passed since the start of the financial crisis, and the vast majority of central banks around the world have already …
Reality check: Private banks create money (BBC News)
The election campaign is generating new interest in Positive Money's proposals, not least because of the Green Party's manifesto commitment …
Bank Robbery: Inequality and the Banking System
Chapter 2 (You can read the Chapter 1 here) Extreme inequality is the main economic, political and cultural evil of our times. This chapter …