The most important feature of banks: credit creation (Extracted from: New Paradigm in Macroeconomics, Richard Werner*, Palgrave Macmillan,2005; pp. 174-180) http://leconomistamascherato.blogspot.com/2010/04/most-important-feature-of-banks-credit.html Many economics textbooks that mention banks still acknowledge that they can 'create credit'. However, it appears that the original meaning of this expression has been lost.Those textbooks and authors that mention the words… Continue reading Credit Creation
Many years ago I was involved in food coops, and recently went to Kos. I was impressed by the many small Greek Orthodox chapels, all with kitchens and dining areas, and looking up the numbers of Saint's days, understood why!Nearby islands are blue zones, with the highest life expectancy on the planet. Why are we handing… Continue reading Food Banks or food coops and celebration?
Reading Charles Mann 1491, also have his 1493 that goes into more detail about the effects of pre Columbian American crops on the world. He quotes H Garrison Wilkes. The Milpa " is one of the most successful human inventions ever created". granta 2005 p198 http://en.wikipedia.org/wiki/Milpa "Charles C. Mann described milpa agriculture as follows, in 1491: New Revelations of the… Continue reading Milpa
I have a cellar full of tools and man stuff. But why? As we have libraries and car sharing and car clubs why not share many many more things like tools, gardening expertise, design skills?Why do individuals drag around van loads of stuff when they could be picked up using a cargo bike from a… Continue reading Tool Libraries
I was recommended this book somehere!http://prosperityuk.com/books-on-monetary-reform/grip-of-death-michael-rowbotham/I am as McDonald's say "luvin it!"My degree includes Economics and it is wonderful to read something that brings together many loose threads and discusses myriad illogicalities.Rowbotham uses the phrase "debt based financial systems."I just checked wiki and the government only creates 2% of the money in circulation in Britain… Continue reading The Grip of Death