money

Isac Bowman - Money Power: Globalism & Economics - Hour 1

Ålandic economist Isac Boman is the author of Money Power: A Force for Freedom or Slavery?. Boman’s original book on monetary theory is based on his Master’s thesis at Åbo Akademi University in 2015, which he wrote while working as a back-office manager at the Bank of Åland. Currently, he is mainly seen as a columnist for Nya Dagbladet – one of the more prominent non-establishment media platforms in Sweden.

A Money System For The People – If We Want It

Money creation, like alchemy, is shrouded in ambiguous language and yields eternal wealth! For most of history these secrets have been used to empower sovereigns to spend money without the painful business of taxing or borrowing. Those foolish enough to try to grasp it with their rational minds are befuddled by unexpected politics, propaganda and paradoxes. In modern times this[Read More...]

Demonetisation can permanently damage India’s informal economy

On November 8, Indian Prime Minister Narendra Modi announced that ‘the 500 rupee and 1,000 rupee currency notes presently in use will no longer be legal tender from midnight’.
This step of demonetisation was taken ostensibly for curbing black money and counterfeit currency notes.
As per Reserve Bank of India (RBI) figures, the higher denomination notes of Rs 500 and Rs 1000 constitute 86.4 per cent of the total currency in circulation in the economy, by value. Therefore, with the stroke of a pen, the government nullified 86 per cent of the currency in the economy.