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    Modernising money by Andrew Jackson & Ben Dyson Summary

    Modernising money
    Andrew Jackson & Ben Dyson
    4.34 (53 Reviews)
    EconomicsFinancePolitics
    Resumen
    Puntos Clave
    Autor
    Preguntas Frecuentes

    Overview of Modernising money

    Discover how banks create money "out of nothing" in this revolutionary critique endorsed by Martin Wolf and Herman Daly. "Modernising Money" offers a radical yet practical alternative to our broken financial system - one that could prevent the next economic collapse.

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    “

    Banks can lend simply by expanding the two sides of their balance sheet simultaneously, creating (broad) money.

    ”
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    Puntos Clave

    1

    When Private Businesses Print Our Money

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    Here's a startling fact: if you printed a 20 note in your basement, you'd face prosecution for counterfeiting. Yet private banks create 97% of the money in circulation through the simple act of typing numbers into computers. This isn't a conspiracy theory-it's how our banking system actually works. Martin Wolf of the Financial Times calls it delegating "a core public function to a private and often irresponsible commercial oligopoly." While governments prosecute counterfeiters with one hand, they grant banks the legal right to create money with the other. This privilege has transformed banking into something that violates almost every principle of capitalism while threatening economic stability itself.

    2

    The Goldsmith's Clever Trick That Built Modern Banking

    3

    The Boom-Bust Cycle Built Into Our System

    4

    How Bank Lending Turned Housing Into an Investment Trap

    5

    The Debt Trap We Can't Escape

    6

    Who Really Controls the Economy?

    7

    A New System: Money Creation for Public Benefit