• Uli Kortsch briefly explains > money creation in the US, Monetary Trust Initiative

Nobody understands debt - including Paul Krugman, as Steve Keen amuses himself on Forbes, 10 Feb 2015.

• Debate over monetary system grows, Deutsche Welle, 28 Nov 2014.

• Peter Radford expounds upon General Equilibrium Theory's horror of politics > DSGE is a plutocratic tool, Real-World Economics Review Blog, 8 Nov 2014.

• Mark Joób on the dysfunctions of the present money system > World Economics Association Newsletter, Vol.4, No.3, June 2014.

Augusto Graziani 1933 - 2014

Augusto Graziani 1933 - 2014

• Steve Keen bestows honour on Augusto Graziani's monetary circuit theory > His legacy retains its currency, Business Spectator, 13 January 2014.

• Andrew Jackson quotes from and comments on     > Adare Turner, Chairman of the British Financial Services Authority on Debt, Money and Mephistopheles. How do we get out of this mess? > read(Positive Money, 2013, Feb 12th). Part of this is OMF, short for Overt Monetary Financing, that is, direct money issuance by a state body. Sounds kind of familiar. 

Sensible Money > How Banks Create and Destroy Money

Interesting results of a survey on money and banking by the Cobden Centre, June 2010. What people think about money in contrast to the realities of bank money  > here

• Bank of England head says banks must change culture, BBC Business News, 29 June 2012

  Money and Banking. Topical articles review, compiled by Michael Schemmann, Professor of Banking and Public Accounting, US International Institute of Certified Public Accountants.

Ben Dyson: How Money is Made

Positive Money has also developed a
> Banking 101 Video Course
on the functioning of the present money system


“The essence of the contemporary money system is creation of money out of nothing by banks often foolish lending.”
Martin Wolf, Financial Times, 9 Nov 2010

It is a naive assumption 'that the banking system only expands loans after the Federal reserve System has put reserves in the banking system. In the real world, banks extend credit, creating deposits in the process, and look for the reserves later.'
Alan Holmes, Vice President New York Federal Reserve, 1969.


Josh Ryan-Collins (new economics foundation): Six Myths About Money & Banking