quarta-feira, 18 de abril de 2012

Where does money come from?

What is money? How is it created? How does it enter into circulation? These are simple and vital questions it might seem, but the answers remain contested and often muddled.

nef's new book Where Does Money Come From? is a comprehensive guide to the modern UK monetary and banking system. It reviews theoretical and historical debates on the nature of money and explains how we arrived today with a system where the vast majority of new money is created by commercial banks.

In this video, authors Tony Greenham and Josh Ryan-Collins explain the thinking behind the book and summarise its main messages.

Buy the book at http://www.neweconomics.org/publications/where-does-money-come-from