
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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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.
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Cree par des anciens de Columbia University a San Francisco
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Cree par des anciens de Columbia University a San Francisco

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