Where does money come from

One the one hand we have skills and resources, and on the other there are needs, wants, and desires. Somehow needs cannot be satisfied with available skills and resources without some magical medium called money.

The most common sources of money are mining, debt, and credit.

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COVID

The monetary response to COVID has to help people of course, but how can we understand Mutual Credit in context?

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Can banks create money out of nothing

Richard A. Werner: This paper presents the first empirical evidence in the history of banking on the question of whether banks can create money out of nothing. Three hypotheses are recognised in the literature. According to the financial intermediation theory of banking, banks are merely intermediaries like other non-bank financial institutions, collecting deposits that are then