#monetarysystem — Public Fediverse posts

PitchFork Economics: "Today, each dollar in circulation generates up to 70% less economic activity than it did just ten years ago."

Ann Pettifor: "Where does money come from? Money comes from individuals applying for loans in the first instance; or money originates as credit."

Ann Pettifor: "Money is created by you and me. And we need a bank to help us do that."

https://www.pitchforkeconomics.com/episode/back-to-basics-series-the-velocity-of-money-with-ann-pettifor/

#credit #confidence #moneyCreation #activity #business #growth #MMT #banking #monetarySystem #money

Putin just labelled the #monetarySystem out of the #USA as a "#printingPress".

An Oof… to some.

One of our favourite books from the decade has to be '#GrowingForBroke' (2016) by the late #PeterNorth. It described how the obsession with #GDPGrowth was not only wrecking havok on #Australia's #environment and globally but also set to destroy our #economy.

We talked about it extensively, but the #growthObsession only took a breather during #COVID.

#bitcoinFixesThis #moneyPrinterGoDrr #putin