www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity
<http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity>
Ergo, Money is based on loans (credit), not upon deposits. But how much
longer will 'principles' texts have it wrong?
Paul Zarembka
--
==== */Research in Political Economy/
<http://www.emeraldinsight.com/books.htm?issn=0161-7230>* (since 1977) |
Editor's *webpage <http://www.acsu.buffalo.edu/%7Ezarembka>*
/*Contradictions: Finance, Greed, and Labor Unequally Paid*/ (2013)
/*Revitalizing Marxist Theory for Today's Capitalism*/ (2011), with R.Desai
/*The National Question and the Question of Crisis*/ (2010)
/*The Hidden History of 9-11
<http://catalog.sevenstories.com/products/hidden-history-of-911>*/ (2nd
ed., Seven Stories Press)
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