Money for the rich, not for the poor
Posted: 06 May 2009 @ 00:00
The political parties are not addressing the real issues,says Alan Storkey
THE most important fact about money is that it is a human creation. Its validity depends on our trust and evaluation, and much of the time this has been automatic, because central banks have controlled its supply and created a reliable medium of exchange. But now we live in a different era. We call the present crisis a “credit crunch”, but it is becoming one of money more generally, which we need to evaluate carefully.
We have long known that money can be created simply by banks’ ...
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