Is Social Media like a Weapon of Mass Destruction?

Is Social Media like a Weapon of Mass Destruction?

A few days ago John Hyten, the Vice Chairman of the Joint Chiefs of Staff, declared that a cyber attack that has “a significant impact” on the United States or “significantly affects the world” can be “defined as a weapons of mass destruction”. And that is why Hyten emphasized that “a large-scale attack launched from…

How Is Money Created? Part II

How Is Money Created? Part II

In Part I of this article, we looked at some of the prevailing confusions and contradictions within the money creation concept. We also determined that understanding commercial bank money creation will, in essence, satisfy our goal of understanding how new money is created into the economy.  In order to determine how bank money is created,…