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Money for the rich, not for the poor

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 ...

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