Search Results for: money
Money Creation (reprise)
Posted by on Sep 1, 2019
In 2013 I came across The New Economics Foundation (nef) publication guide to the UK monetary and banking system with the title ‘Where Does Money Come From?’ contending that there is widespread misunderstanding of how new money is created. The original can be read here, implying that the only widespread understanding of ‘money’ lying in its purchasing […]
The Quantity Theory of Money
Posted by on Aug 31, 2019
This week on Facebook: I have to think very hard about whether I am a monetarist or not, the answer seems to depend on how strongly I believe that the State guides its political economy by changes to the monetary supply and other forms of fiat money creation. It was an article or remark of Mervyn King in which he […]
Plastic Cards & Money
Posted by on Aug 24, 2019
This week on Facebook: As I remarked in my post last week, It is interesting that there appears to be different views on when credit cards become money! Where does “plastic money” like debit cards, credit cards, and smart money fit into this picture? A debit card, like a check, is an instruction to the user’s bank […]
But what is Money?
Posted by on Aug 17, 2019
This week on Facebook: I have posted a lot on the subject of money, often referring to Investopedia, the International Monetary Fund, European Central Bank (which is not a ‘central‘ bank at all) and the Encyclopaedia Britannica¹. Investopedia: Everyone uses money. IMF: Money may make the world go around, as the song says. ECB: The nature of money has evolved over […]
Cassandra on Money & Debt
Posted by on Jan 12, 2019
This week on Facebook: To follow on from last week I reprised this post in which I reviewed money and debt from previous postings. With only slight variations the post remains much the same and now includes a new one from 2011 (click on image below).
The Money Tree
Posted by on Oct 13, 2018
This week on Facebook: Most of those who believe in the existence of ‘A Money Tree’ and particularly those who choose to write about it (either from the political left or right), are not so naive as to believe that the State uses its fiscal policy wisely. The term money tree is used for political effect, yet regardless […]
The Value of Money
Posted by on Oct 6, 2018
This week on Facebook: In ‘The Coming Dark Ages?’ I criticised all the articles for failing to point out that (in my view) the prevalence of an economic global hegemony by Western Philosophy relied on a reserve currency in a fiat money world. Money at the centre of globalisation, whether it is trade or war that is the dominant driving […]
Cassandra on Money & Debt
Posted by on Aug 4, 2018
As one who remembers a time when most people lived in a cash based society when most people had to live off whatever income they had.
It’s only money!
Posted by on Sep 9, 2017
This week on Facebook: Trying to use last weeks post on Criminals & Taxation as a link to those that may follow at some point proved to be very difficult, the reaction of a public administration’s response to economic failure is more akin to investigative journalism than a short, singular, post. So this week I focused a […]
Cryptocurrency bubbles and money
Posted by on Jul 8, 2017
This week on Facebook: Debasement of the coinage was rare in Greek history with the notable exception of Dionysius of Syracuse. The Byzantine economy was assumed to have a sound fiscal policy but in the eleventh century emperor Michael VII earned the nickname “Parapinaces” or “minus a quarter”, because the gold nomisma was debased by that amount […]
Aasof’s Reflections 