Richard Werner reveals what most of the general public are wholly ignorant of : that about 97% of the money supply is created and allocated by bank loan officers for the benefit of their bank. The banks do not consider the needs of the whole economy and are not instructed to do so by the government. This has led to the excesses of the last few years at a huge cost to the whole economy. He demonstrates that certain successful national economies in the recent past have sprung from their govenments' incentivisation of banks to produce the type and amount of credit that is needed. Banks have been given a monopoly privilege to create the money supply and should be given guidelines to allocate credit and bring good outcomes for all. He says the successful East Asian examples of this, show that it does not involve soviet-style micromanagement.