The best 3-minute video on the “creation of money” from thin air

Perfectly brilliant animated video: on a British site as “Plan B” for the British economy suggesting to cut bonuses and benefits to bankers.. Too much common sense!…

4 of the Most Important Quotes in Economics

I found these quotes on the Money as Wealth blog: 1. “…the actual creation of money always involves the extension of credit by private commercial banks.” – Russell L. Munk, Assistant General Counsel, Department of the Treasury 2. “Money is created when loans are issued and debts incurred; money is extinguished when loans are repaid.” [...]

Scotland’s Council of Economic Advisors

This news item is the Scottish expression of the National and Regional Economic Councils that Gordon Brown MP announced in London as “new governance” is supposedly required. Scotland’s C.E.A. in need of advice In “The Scotsman” of Saturday 6th December 2008 we were introduced to the 11 members of Scotland’s ‘Council of Economic Advisers’ – [...]