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Most people are unaware of the true mechanism of money creation, therefore don't understand how the current mechanism and its (lack of) constraints affect socie
by mendelsd 9y ago
Most people are unaware of the true mechanism of money creation, therefore don't understand how the current mechanism and its (lack of) constraints affect society, therefore don't see the potential for societal improvement through systemic change around money creation and allocation.
Prof Richard Werner is worth listening to on this topic. [1]
I'd also recommend Steve Baker's heroic speech in UK parliament. [2]
[1] https://youtu.be/9bQkfN_pe44 https://youtu.be/9bQkfN_pe44
[2] https://youtu.be/bXOkmD8Eozs https://youtu.be/bXOkmD8Eozs
- razakel 9y ago>I'd also recommend Steve Baker's heroic speech in UK parliament. What's astonishing is that 85% of MPs do not know how money is created. 70% believe that only the government can create money! That's like the CEO of GM not knowing what powers a car...