Money, Myths, Monetary Dynamics, Modelling and Minsky | Prof Steve Keen

New Economic Thinking Published on Feb 2, 2014 The financial crisis that ran from 2007 to 2009 has been called a “Minsky Moment,” meaning it offered a much-needed reminder to all economists of Hyman Minsky’s neglected dictum that “capitalism is essentially a financial system.” But even with this reminder, it is hard to know what… Read More

“Shelling Out: The Origins of Money” by Nick Szabo (2002)

The precursors of money, along with language, enabled early modern humans to solve problems of cooperation that other animals cannot – including problems of reciprocal altruism, kin altruism, and the mitigation of aggression. These precursors shared with non-fiat currencies very specific characteristics – they were not merely symbolic or decorative objects.

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A nucleus of an idea whose time has come

In a previous post entitled Is our credit creation system the father of all pathogenic human interferences?, I endeavoured to compare and contrast the delocalized mitochondria that sufficiently powers our cells in our bodies via ATP production (without debt and interest production), and our centralalized banking system that insufficiently disempowers our communities in our nation-states via debt-producing compound-interest… Read More

“Bank Robbery: Why are banks allowed to create money?” by Ivo Mosley

Reproduced from: WRITTEN BY IVO MOSLEY (GUEST AUTHOR) ON JUNE 17, 2017. Imagine a world where huge amounts of money are created out of nothing for private profit and destroyed again once profit is taken, so that new money can be created again (and again, and again) – for private profit. Imagine a world where… Read More

Enlightening the Shadow Side of Banking – Monetization of Negotiable Debts by the Few as Instruments of Enslavement of the Many by Ivo Mosley Ivo Mosley studied Japanese for a first degree and Musical Theatre for an MA. He has written fiction, plays, and cultural criticism for many publications, both mainstream and fringe. He became interested in money creation while writing on the illusion of democracy, identifying money-creation by banks as the murkiest… Read More

Watch “Prof. Richard Werner – Banking Industry Exposed & Solutions Presented – Dublin April 2016” on YouTube

Published on Nov 28, 2016 Detailed Index – Professor Richard Werner’s Talk: 1 – Why is banking so important for the economy, society and the sustainable development of regions and communities? 2 – What causes the recurring boom-bust cycles and crises? 3 – What policies or banking systems have historically been most successful in avoiding… Read More