Treating federal budgets like that of a household has starved economies of precious resources and has facilitated unprecedented levels of private and household debt. Editor-in-chief Claire Connelly explores the consequence of this logical fallacy in an excerpt of her upcoming book, How The World Really Doesn’t Work.
Tarek El Diwany explains the beginning of manufactured money.
David Morgan explains why he doesn’t believe the Western world will experience a hyperinflation.
We met Ben Dyson and Andrew Jackson from Positive Money and discuss their proposals to reform the monetary system.
Milton Friedman admitted that “The use of the quantity of money as a target has not been a success.”