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| http://www.festivaloftransition.net/what-if/we-could-create-money-as-well-as-banks |
Virtually all the money in circulation has been lent into existence by commercial banks. When the government in effect franchised the creation of money to the banks it failed to keep an eye on what they did, or agree a proper ‘quid pro quo' for the privilege.
theneweconomics
Speakers:
- Josh Ryan-Collins, nef, co-author of the book Where Does Money Come From?: A Guide to the UK Monetary and Banking System
- Mark Burton, member of the Bristol Pound Team
- Ruth Potts, founder of bread, print & roses
