“The pen might be mightier than the sword, but the purse is mightier than the pen.” — George Monbiot
https://www.theguardian.com/commentisfree/2016/aug/03/climate-crisis-media-relegates-greatest-challenge-hurtle-us-collapse-planet
Tag Archives: Money
Unlike a lot of my cousins I…
Quote
“Unlike a lot of my cousins, I haven’t
touched my share of the trust money.
Like my father before me, I live only
on the income from my law practice. I
don’t want my daughters growing up
entitled and spoiled. And I agree with
my father — you give your children
enough money to do something but not
enough to do nothing.” — Matt King
http://www.imsdb.com/scripts/Descendants,-The.html
M3 arises when you come to the…
Quote
“M3 arises when you come to the branch to ask for a loan, I approve it, I open you a bank account and stick the money in there (the bank’s liability) in exchange for expecting you to pay me back one day with interest (the bank’s asset).
“Then you buy stuff, your money moves to the bank account of whoever sold you the stuff, the bank’s asset remains your loan but the bank’s liability is in the bank account of the guy who sold you the stuff.
“No saver ever got involved in this, and that’s where 90% (actually more) of all money in the world comes from.”
http://www.amazon.com/Foolproof-Safety-Dangerous-Danger-Makes/product-reviews/0316286044/ref=cm_cr_pr_viewpnt_rgt?ie=UTF8&filterByStar=critical
Can banks individually create money out of nothing…
Link
Can banks individually create money out of nothing? — The theories and the empirical evidence
http://www.sciencedirect.com/science/article/pii/S1057521914001070