|2||Quantitative Easing (QE) for the People
|3||Book Review: Modernising Money
||by Andrew Jackson and Ben Dyson|
|4||How the Fed Could Fix the Economy
|6|| THE MYTH OF DEBT
|7|| Book review: Enough is Enough
||by Rob Dietz & Dan O’Neil|
|8||Leaking away: the financial costs of water privatisation
|9||Occupy and Land Value
||THE GEORGIST NEWS|
|10||Japan’s Currency War
|12|| Death Of A Bogeyman
|13||How Congress Could Fix Its Budget Woes, Permanently
|14||It Has Happened Here in America
||Dr. Paul Craig Roberts|
|15|| Austerity is a Scam
||Caoimhghin Ó Croidheáin|
|16||The Real New World Order
|17||The skivers and shirkers are the economic rent extractors||Richard Murphy|
If the National Debt is part of the money supply, and if the banks have created that supply, why can’t the government pay it off by creating the money itself? – Why should taxpayers have to pay the banks interest on it?
With virtually all our money created as interest-bearing debt, it is impossible for all the debts to be repaid from the existing stock of money in circulation.
New debts must be taken on totaling the capital plus interest on the debts being paid-off, if the money supply is to be maintained. (The interest is paid from other outstanding debts.)
This means that debts must grow continuously – as they have been doing, at a growing rate – relieved only by bankruptcies. It also means that the money supply must grow continuously. This means inflation or economic growth, or both, punctuated by periods of recession. We can see the results all around us – it is time to change the system!