Adopted from: http://positivemoney.org/publications/#sms and http://positivemoney.org/our-proposals/ Our Proposals: Creating a Sovereign Monetary System (Report, 56 pages) This report presents a reform to the banking system that would remove the ability of banks to create money, in the form of bank deposits, when they make loans. It would transfer the ability to create new money exclusively to… Read More
https://www.pimco.com/insights/economic-and-market-commentary/global-central-bank-focus/the-shadow-banking-system-and-hyman-minskys-economic-journey The Shadow Banking System and Hyman Minskys Economic Journey | PIMCO “Hyman Minsky’s theory on the nature of financial instability proved unnervingly prescient in explaining the rise and fall of shadow banking.” BY PAUL A MCCULLEY MAY, 2009 This paper is the basis for a speech I’ll be giving in Tel Aviv in June,… Read More
Adopted from: Post-Keynesian Economics Study Group at http://www.postkeynesian.net/keynes.html 30 October 2012 Richard Werner, University of Southampton The Quantity Theory of Credit discussant: Victoria Chick, UCL background paper – slides (Werner) – talk only (Werner and Chick) – Where does money come from? This is an embedded Microsoft Office presentation, powered by Office Online. Please click on in… Read More
Uploaded on Mar 30, 2011 Banks have a pivotal function in the economy, they are the main creators of the money supply. In granting or issuing so called ‘loans’ to their customers they create the money that is essential to make the modern economy work. In fact says Prof Werner: ‘there is no such thing… Read More
In order to transition from our present death economy and birth a new life economy, we need to bring new life-tools to our toolkit of investigations and experimentation. Given the recent realisation that our present economic science, in its present incarnation can be described as a form of “alchemy,” we have now to ask what… Read More
“Natural capital’ is an understandable attempt to put a value on our living planet and all the services it provides for us, writes John McMurtry. But it fails by measuring nature in dollars and cents. We need to develop a new concept of ‘life capital’ that must be preserved from exploitation and degradation no matter… Read More
“For the master’s tools will never dismantle the master’s house. They may allow us to temporarily beat him at his own game, but they will never enable us to bring about genuine change.” – Audre Lorde In the previous post, The Final Frontier – A blueprint for building a life-value rebased global economic and political system… Read More
Published on Apr 7, 2016 Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China. Published on Dec 1, 2015 …Never before in history have… Read More
https://youtu.be/ySnk-f2ThpE Published on Dec 27, 2015 TRANSCRIPT AND SOURCES: https://www.corbettreport.com/?p=16888 From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And… Read More
What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America’s central bank.
Source: Holt-LunstadJ, Smith TB, Layton JB (2010) Social Relationships and Mortality Risk: A Meta-analytic Review. PLOS Medicine 7(7): e1000316.
https://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1000316
