The conventional account of fractional reserve banking describes how bankers originally accepted precious-metal coined money …
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If the Solution Is So Simple, Why Is It Not Being Done?
Hi Positive Money UK, I was wondering, if one of the solutions is to simply issue debt-free money, why is it not being done?! It's been more …
Disrupting Banking
Fellow banking reformer Simon Dixon was presenting at the European Bitcoin conference in Prague. There are three industries that need …
What the Public Does Not Know about Banking, Financial Times
The first letter in the Financial Times on Tuesday 3rd January 2012 was about the creation of money by private banks: “Sir, In …
Our Wish List for 2012
Although the things we wish for the coming year we are unlikely to get in just 12 months, let's remind ourselves at the beginning of …
A Debt Based Monetary System, Export Warfare & Third World Debt
Our debt based monetary system is directly responsible for world export warfare and third world debts. In order to understand the …
Steve Keen on Max Keiser Report
Another good Keiser report. Steve Keen talks about the money creation process in the second half, and how the assumption of 99.9% of …
The Bankers' Week… in Brief because It's Christmas!
On Monday: the government adopted the Independent Commission on Banking recommendations (well mostly) a parliamentary …
Common Misconceptions about Banking
There is significant confusion about banks. Much of the public is unclear about what banks actually do with their money. Economics graduates …