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James Robertson talks frankly about democratising our money supply. Money as debt is not sustainable.
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The life expectancy gap between rich and poor people in England is widening, despite years of government and NHS action, a hard-hitting National Audit Office report reveals today.
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The life expectancy gap between rich and poor people in England is widening, despite years of government and NHS action, a hard-hitting National Audit Office report reveals today.
Popularity: 6% [?]
An interview on Newsnight with Jeremy Paxman, Gillian Tette, Hugh Hendry and the economist Jeffrey Sachs.
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The Renegade Economist team presents an opportunity to learn what’s about to happen in the domestic and global economy, and …
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There definitely seems to be something wrong with the current monetary system. However, is putting more power into the hands of central bankers the answer? I like what I am learning at the Mises Institute. They would agree that inflation is evil i.e. the increase in the money supply. A good primer is Murray Rothbard’s What has government done to our money?. Of particular interest may be Jorg Guido Hulsman’s The Ethics of Money Production since it refers to James Robertson’s book “Creating New Money” (see footnote on page 27). I haven’t read the later.
There is now surely no doubt that the current banking system serves
few other than the bankers themselves. To have legitimised the paying of interest on ‘loans’ created out of thin air must rank as one of the greatest ’slight of hand’ con tricks in all of history.
As of now, our children and possibly even our as yet unborn grandchildren are burdened with bailing out our current, wholly incompetent, political and financial masters.
But nationalise the money supply as a solution to the problem?
God help us all.
The State already wields overbearing power precisely because of its ability to indulge in deficit spending at will. The economic destruction wrought by politicians of all shades, everywhere, throughout history, is alone sufficient not to trust the money supply to such people. The fact is that only the truly productive can create money – and that’s pretty much the end of it.
It seems to me that only the complete separation of money and State
along the lines suggested in the past by the likes of E.C. Riegel and currently by folk such as Thomas H Greco (http://reinventingmoney.com/) offers hope the future. Governments unable to provide their own money (and thus unable to deliberately inflate) would finally be accountable, as the only source of their income would be the current taxpayer base. Further, Banks would become little more than public utilities, which, if I understand things correctly, is what they were in any case originally intended to be.