Money

How Is Money Created? Part II

How Is Money Created? Part II

September 28, 2020
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 wil…
How Is Money Created? Part I

How Is Money Created? Part I

September 27, 2020
Without resorting to lofty rhetorics and convoluted hypotheses, this two-part article demonstrates – using experimental data and empirical evidence – exactly how and by whom new money is created into …
Debt is the Real Pandemic

Debt is the Real Pandemic

September 16, 2020
According to the Congressional Budget Office’s (CBO) latest “Update on the Budget Outlook,” this year’s $3.3 trillion federal deficit is not just three times larger than last year: it is the largest f…