Three common Misconceptions Three threatening Results Three possible Solutions In this 2013 presentation late Prof Margrit Kennedy describes three misconceptions most people hold about money; the results of these misconceptions, and thirdly offers three possible solutions in terms of monetary innovations. What is money? Let’s take the good news first. Money is one of the […]

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The stability of the money system depends on belief in future profits and economic growth. The system of credit is a belief system (from the Latin credere = to believe). Credit is the belief in the ability of the borrower to pay back the borrowed money plus interest. Loans include interest repayments. This kind of […]

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  We have no choice. Whether we want economic growth or not, our capitalistic system needs growth to at least match interest repayments in order to remain stable. The associated regular interest income of the ‘net interest winners’ is not only responsible for the fact that the wealthy become ever wealthier but also for the […]

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The New Economics Foundation (NEF) is a British ‘think tank’, which promotes economic and ecological justice. NEF has been the UK’s leading research organisation for money, credit and complementary currencies since 1986. www.neweconomics.org

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Electricity comes to us from the plug, drinking water from the tap and money from the bank. But most people do not know how money is created. Who makes money? Or, as the experts ask: how is money created? Cash in Germany is issued by the German Central Bank (Deutsche Bundesbank) and the European Central […]

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Even the experts rarely agree on the answer to this question. The worldwide crisis, into which the property bubble in the USA and the large ‘system relevant’ banks have sucked us all, shows however that this question is becoming more and more a question of survival for many people. Should we leave it to the […]

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Nigel Dodd, 2014, Princeton University Pres. Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile money and Bitcoin. Yet our understanding […]

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Money and Sustainability: The Missing Link From an outmoded money system to a monetary ecosystem. A Club of Rome report. It is usually said there is no alternative to our current monetary system – while it is quite clear that it is ailing, obsolete and completely unsuitable for overcoming the current crisis in the Euro […]

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