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Interest and Inflation Free Money-Margrit Kennedy

Interest and Inflation Free Money-Margrit Kennedy

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Published by dyagram
This book shows how, at this particular point in time, the change to a proposed new monetary system could create a win-win situation for everyone. It could help to develop, finally, a sustainable economy.
This book shows how, at this particular point in time, the change to a proposed new monetary system could create a win-win situation for everyone. It could help to develop, finally, a sustainable economy.

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Published by: dyagram on Jul 20, 2010
Copyright:Attribution Non-commercial

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04/02/2013

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In most countries, the monopoly to print money rests in the hands of
the central government. Any trial run of the new money system,
therefore - even on a smaller regional scale - would have to be
supported by the government. Obviously the introduction of an interest-
free money would be a highly political issue. It takes courage for any
government to admit that a system of such inequity has been tolerated
so far. On the other hand, it is clearly very difficult for most people to see
why a "fee" on money is a better solution than interest. At present
government leaders, politicians, bankers and economists try to respond
to the problems which are caused by the basic flaws in the monetary
system by treating symptoms and offering band-aid solutions. In election
campaigns there are regular promises to combat inflation, to improve
social services and to support environmental concerns and conservation
issues.

The truth of the matter is that they are fighting with their backs to
the wall, and that the situation is not improving but rather deteriorating,
as we come closer to the acceleration phase of the exponential growth
curve of the monetary system. Instead of improvements in the social and
environmental sectors, budget cuts force a deterioration. Whether
politicians belong to the conservative or progressive wing, the room for
real change in the present system is small indeed.

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