Debt by Design (Paperback) (ISBN-13: 9781365756108)

This book explains how our monetary system works and how commercial banks create money. The effects of this are examined, along with an alternate monetary system that is vastly superior - which we term Fair Money. Topics covered include: how commercial banks create money, the importance of seigniorage, how quantitative easing works, what monetary policy really means, how inter-bank payments work, the distraction of fractional reserve banking, the Guernsey experiment, the Chicago Plan, the 5 different money classes, why depositors are creditors, the war on cash, how banks buy currency notes, how bank balance sheets work, constraints on money creation, consequences of debt monetisation, the use of misleading terminology, the historical role of gold, the benefits of an asset-based currency, and the transition to a better monetary system. Extracts are provided from the Bank of England, the Federal Reserve System, the International Monetary Fund and the Reserve Bank of Australia.

Author: Joshua Maree
ISBN-10: 1365756106
ISBN-13: 9781365756108
Publisher: Lulu.com
Language: English
Published: 02/21/2017
Pages: 224
Format: Paperback
Weight: 0.74lbs
Size: 9.00h x 6.00w x 0.51d