Sunday, October 25, 2015
Bernard Lietaer — Question the monetary system and you’re academically dead!
Regular readers of MNE will be familiar with this Bernard Lietaer clip, but if you haven't seen it or bookmarked it, here it is again.
Lars P. Syll’s Blog
Question the monetary system and you’re academically dead!
Lars P. Syll | Professor, Malmo University
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2 comments:
I love the preliminary stuff that Bernard comes up with on complex networks, but it always amuses me when he does his 'Watchtower' leap on the monetary system.
He seems blind to the reality that the existing monetary system is actually lots of different money's pegged together, and there's not a lot of difference between the Brixton or Bristol Pound and the Barclays Pound.
The idea that if you question the monetary system, you're dead is nonsense. Milton Friedman, Lawrence Kotlikoff and John Cochrane advocated or currently advocate a very different monetary system to the present regime. Doesn't seem to have done their careers any harm.
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