Lots of valid critique for this piece. Will add that "state money" and "bank money" is a poor way to talk about credit. In terms of references, tons and tons a

Lots of valid critique for this piece. Will add that "state money" and "bank money" is a poor way to talk about credit. In terms of references, tons and tons and tons of prior art defining money and so forth. A book I recently enjoyed a great deal is: The Nature Of Money, Geoffrey Ingham https://www.amazon.com/Nature-Money-Geoffrey-Ingham/dp/074560997X https://www.amazon.com/Nature-Money-Geoffrey-Ingham/dp/07456... And this more recent Bank of England paper is exceptional: https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...