[…] (*) -> The profits from money creation are an interesting spin on this. Even though bank licenses aren’t limited, and more money can be created, the actual recognition of a single currency by the government and society has led some to advocate that there is a degree of monopoly income involved in money creation. We too have advocated this position as part of a Georgist critique of our current financial system. […]
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This article was originally published in The Daily Renter, and was republished with permission. Find the original content at thedailyrenter.com.
A Georgist Critique of Our Current Financial System, and Some Proposals for Reform – Part 1