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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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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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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