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22 May 2011

The Positive Money initiative

Sorry - I've been totally overloaded for the last month and haven't been able to work on my blog, despite the fact that there is plenty to talk about.

But I've been spurred into action by a mail from my sister (Thanks Caroline!) pointing me to site called Postive Money that argues that some of the most important problems that we face are the result of fractional reserve banking - the system that effectively allows banks to create money out of thin air by lending.

They have a series of videos that explain the basic features of our current banking system that are really clear. I've signed up...

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