tag:blogger.com,1999:blog-2761684730989137546.post1371927596487813168..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: ‘We print money digitally’ – so says the Fed — Peter Maymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-58744325430322799972020-05-21T02:52:08.763-04:002020-05-21T02:52:08.763-04:00Andrew, I may have said this before, in which cas...Andrew, I may have said this before, in which case I apologise, but you might be interested in a recent paper of mine which sets out a very simple reason against money creation by commercial banks. Google the title of the paper “The Crucial Flaw in the Bank System” and my name.<br /> <br />I’ve submitted a slightly longer version of that to the “Money, Macro and Finance” meeting at Cambridge, UK, due to take place in September.<br /> <br />https://www.mmf.ac.uk/conference/2020-conference/<br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83114598714391707392020-05-19T18:09:29.091-04:002020-05-19T18:09:29.091-04:00I've just followed them on twitter.I've just followed them on twitter. Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-55270566365282372172020-05-19T16:40:31.000-04:002020-05-19T16:40:31.000-04:00The problem is that the government-privileged usur...The problem is that the government-privileged usury cartel, aka "the banks", can create money too and much more than they could do as 100% private businesses with 100% voluntary depositors.<br /><br />And guess what, the deposits the banks create are NOT for the general welfare but for their own welfare and the welfare of the most so-called "credit worthy" - typically the rich.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-43238284150772895212020-05-19T15:49:08.806-04:002020-05-19T15:49:08.806-04:00So the Fed can print $100 bills and the Bank of En...So the Fed can print $100 bills and the Bank of England can print £10 notes. I never knew that! Thank goodness we have Peter May to inform us about this amazing development(ho ho). Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com