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Tag Archives: Debt
A poignant hallmark of our modern, civilised society is the relative fairness of wealth distribution. Some would argue it’s still not fair enough, but the important and huge philosophical step to inclusiveness was the invention of the Welfare State by … Continue reading
Money creation is a highly controversial and complex process. To simplify it to a single flow diagram is perhaps an injustice to the nuances of the process. However, to make the muddy waters slightly less murky, here is a summary … Continue reading
Banking enables us. It’s Credit allows us to invest and flourish. However, it does this by somewhat arbitrarily creating Debt through the Fractional Reserve Banking Model. How so?
sources: Radio Free NJ, Web of Debt For every $100 you deposit the bank, the bank earns roughly $4 from it and, in the process, creates $900 out of thin air. Those new to this concept may be a little … Continue reading