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Is interest theft? 1086
Is interest theft? 13 and 15 July 2012 Renting money If you rent a car, it means the rental company owns or leases cars that it doesn't need itself. So it offers them for use by clients, for a day, a few days, a week, or whatever is agreed. In exchange for that, the client pays a fee to ... - [detail] - [similar]
Transformation functions of banks 1086
Transformation functions of banks 18–19 July 2012 A world without banks Imagine a world without banks. Suppose someone in such a world, let's call her Patricia, wants to buy a house, buy a car, or start a business. But she doesn't have enough money for that. She can talk to relatives, fr ... - [detail] - [similar]
Zero-coupon perpetual bonds? 1086
Zero-coupon perpetual bonds? May and June 2015 ( details ) Summary The British organisation Positive Money proposes to move money creation away from commercial banks, and instead make it the responsibility of the central bank (or a similar entity that completely or partially replaces the ... - [detail] - [similar]
Mutual agreement 1086
Mutual agreement 9 February 2015 In brief The basic misunderstanding of MPE-people and others is they think money can only be exchanged for goods and services. They fail to see that money can also be exchanged for money. That makes sense if the mutual conditions are different. It's what ... - [detail] - [similar]
Trust 1086
Trust 20–21 October 2012 Wikipedia In Wikipedia, the Dutch article about fiduciair geld (English: fiduciary money) is linked to the English language article about fiat money (also called: fiat currency). This suggests that fiduciary money and fiat money are the same thing. In practice, e ... - [detail] - [similar]
Applying double-entry bookkeeping 1086
Applying double-entry bookkeeping 24 October 2017 Introduction Four of my earlier articles , written in 2012, were inspired by what I read on the site , written by Marc Gauvin and others. Today, he is one of the people behind the newer site Money Systems Transparency All ... - [detail] - [similar]
Self-funding 1086
Self-funding Idea 31 July – 1 August, text 1–3 August 2012 Learning by explaining When I started to write the articles in this series , I thought I knew enough and understood things well enough, to be able to explain them to others and to correct their misunderstandings. Now, after havin ... - [detail] - [similar]
Left or right 1086
Left or right 13 April 2016, translated from Dutch by the author Just a short summarizing remark to my articles 27 , 19 and Dutch-only 2160411c : Money that someone, a company, including a bank, could use to buy something or pay for something, must be at the left of the balance sheet. It ... - [detail] - [similar]
On-lending centrally created money 1086
On-lending centrally created money 8 and 10 June 2015 Introduction This is the elaboration of what I already summarised here . Quotes from what Positive Money wrote This is from page 17 of The Positive Money Proposal : “ In short, neither profit-seeking bankers nor vote-seeking politicia ... - [detail] - [similar]
Seven restrictions to money creation 1086
Seven restrictions to money creation 22 May 2017 Introduction People often worry about credit granting by banks, and so about money creation, which is its automatic consequence, thinking both will get out of hand. But that is unlikely, because no less than seven factors or mechanisms exi ... - [detail] - [similar]
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