Interest- and Inflation-free money

Margrit Kennedy: Money is one of humankind’s most ingenious inventions – and also one of its most dangerous. Interest and Inflation Free Money offers a clear, simple explanation of how financial policies shape the global markets – and how interest wrecks cultures, ecosystems, and economic systems. In particular, it reveals the hidden flaws in ourContinue reading “Interest- and Inflation-free money”

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 thenContinue reading “Can banks create money out of nothing”

Create your website at WordPress.com
Get started