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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 […]

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 […]

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 […]