Tag Archives: chancellor of the exchequer
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 power seems a reasonable conclusion and may compliment the monetarist viewpoint. Read more of this post
Money Creation
Posted by on Feb 13, 2013
The New Economics Foundation (nef) have published a guide to the UK monetary and banking system with the title ‘Where Does Money Come From?’. It contends that there is widespread misunderstanding of how new money is created, which may imply that the only widespread understanding of ‘money’, lies in its purchasing power. Drawing such an inference from the book seems reasonable. Read more of this post
Aasof’s Reflections 