Poverty and the Foundation of Economics (eBook, ePUB)
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This book describes an economic alternative to our current western credit system that will eliminate poverty and recessions, controlinflation, and release the full potential of your economy. Where we continue to go off the rails is thinking that money creation must be tied to some sort of credit instrument. The lesson that the fractional reserve banking system has been trying to teach us for centuries but which we refuse to learn is that money can be successfully created out of thin air and used to fund sustainable economic growth without the necessity of any credit instrument. While the money...
This book describes an economic alternative to our current western credit system that will eliminate poverty and recessions, control
inflation, and release the full potential of your economy. Where we continue to go off the rails is thinking that money creation must be tied to some sort of credit instrument. The lesson that the fractional reserve banking system has been trying to teach us for centuries but which we refuse to learn is that money can be successfully created out of thin air and used to fund sustainable economic growth without the necessity of any credit instrument. While the money that the fractional reserve banking system creates out of thin air is tied to credit instruments, the fact of the matter is that those credit instruments are not required. As
long as the money created out of thin air does not exceed the true limit of the goods and services produced by your economy, is produced by a trusted source, and does not try to allocate economic resources that do not exist, money can be created in any amount to successfully drive sustained economic growth.
inflation, and release the full potential of your economy. Where we continue to go off the rails is thinking that money creation must be tied to some sort of credit instrument. The lesson that the fractional reserve banking system has been trying to teach us for centuries but which we refuse to learn is that money can be successfully created out of thin air and used to fund sustainable economic growth without the necessity of any credit instrument. While the money that the fractional reserve banking system creates out of thin air is tied to credit instruments, the fact of the matter is that those credit instruments are not required. As
long as the money created out of thin air does not exceed the true limit of the goods and services produced by your economy, is produced by a trusted source, and does not try to allocate economic resources that do not exist, money can be created in any amount to successfully drive sustained economic growth.
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