Money and banking are increasingly becoming the subject of intense public debate. A recent example is the Dutch citizens’ initiative 'Ons geld' (Our Money); collecting more than 100,000 signatures in support of a proposal to put the power to create "money" into the hands of government. The public debate surrounding this proposal is dominated by people who confuse money and

How (Central) Banking Really Works (I)

Let’s Start With a Little History

The Evolution of the Banking System

The Rise of Central Banking

The Semi Gold Standard

Surprise: Your Checking Account Balance Is Not Money


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