The impact of recession is affecting us all: increasing amounts of debt, jobs lost, homes repossessed and businesses fail. The hardest thing to contemplate, is a way out from all of this mess...
The purpose of this group is to study new book "Modernising Money, Why our monetary system is broken and how it can be fixed"
This book documents exactly how we could fix the monetary system for the benefit of business, society, and the environment. These proposals offer one of the few hopes of escaping from our current dysfunctional monetary system. In case you didn't get a copy yet, the book can be ordered here.
This is our second meeting. We will be covering Chapter Three:
“What Determines The Money Supply
“The demand for credit & money [6 pages]Factors affecting banks’ lending decisions [7 pages]Factors limiting the creation of money – Capital requirements (the Basel Accords), Reserve ratios & limiting the supply of central bank reserves [5 pages]Controlling money creation through interest rates [9 pages]So what determines the money supply? [6 pages]
Everyone is welcome!
The book is now available directly from Positive Money in case you lack a copy.
Please do get in touch with any questions or concerns here in comments or via email: [masked]