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[1]
 
The NewMoney Text Book Economics Made Simple
MAY 2007
By
Doctor Edward C Hamlyn MBChBwww.monetaryreform.org
 
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CONTENTS
Preface and Introduction Page 3The Definition of Money5Issuance of New Money 7Attributes of Money 8Banking 9Electronic Money12Reducing Taxation by Monetary Reform14Money Markets 15Economics Simplified16A Desire for Change21Implementing Change22The Benefits of Monetary Reform25 No More Inflation25Railways28Freedom for Real30Crime32Pensions34Taxation35Global Warming and Climate Change36Why We Must Keep Out of the Euro37The Principle of Exchange39Gambling40Council Tax41Gridlocked Roads41Psycho-Political Warfare43Education45Religion46The Cold War Today48Communism49Social Justice50Immigration51Scottish Independence52
 
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Authors Preface.
On reading this book you may find arguments restatedover and over. The reason is twofold. Until we hear anew truth stated three times, it does not seem to register.Also the need for monetary reform is repeated in somany different parts of life, that the same theme comesthrough in each of them.Those who read this book mayonly have an interest in their own speciality. To learnwhat is appropriate to their own specific problem, theymay need to refer to their section of the book, and willexpect to find it there.
Introduction.
Allow me to start this book about money, by remindingyou of some simple facts concerning money, whichsometimes get forgotten.First of all money only exists if somebody makes it. And I do mean make it. Makingmoney is different from earning money which hasalready been created. The creation of money, themanufacture of money, the bringing into existence of money, which previously did not exist, is entirelydifferent from acquiring money. Money does not exist innature,
money is man-made stuff.
If the private individual manufactures money it is said to be forging money or counterfeiting money. There is atacit assumption that only the Government has the rightto manufacture new money by minting base metalcoinage or printing banknotes.We do not expect private
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