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The Mechanics of Money Creation The U.S. dollar and most national currencies are defined by the government but issued by banks. In this 5 session course, Allen Smith will explain the simple mechanics by which private bank create money through debt contracts. The course will also describe the working of the payment system, the role […]
Decarbonizing the Economy – Challenges and Prospects This series of 3 consecutive lectures will present and discuss the justifications and challenges for moving the world economy away from its dependance on hydrocarbons. The dominant narrative presents this shift as the ideal response to climate change, where increasing concentrations of CO2 are blamed for global warming, and must […]
The Mechanics of Money Creation The U.S. dollar and most national currencies are defined by the government but issued by banks. In this 5 session course, Allen Smith will explain the simple mechanics by which private bank create money through debt contracts. The course will also describe the working of the payment system, the role […]
Money from the Perspectives of Henry George and the Chicago Plan Although Henry George is best known for promoting the land value tax, he was also a Greenbacker who believed that only government should create money and that credit issued by private banks should not be co-mingled with that money. The most sophisticated articulation of […]
Money from the Perspectives of Henry George and the Chicago Plan Although Henry George is best known for promoting the land value tax, he was also a Greenbacker who believed that only government should create money and that credit issued by private banks should not be co-mingled with that money. The most sophisticated articulation of […]
