https://neweconomics.opendemocracy.net/time-civil-society-take-economy/?utm_source=rss&utm_medium=rss&utm_campaign=time-civil-society-take-economy Tue, 11 Sep 2018 13:20:23 +0000 hourly 1 https://wordpress.org/?v=5.3.4 https://neweconomics.opendemocracy.net/time-civil-society-take-economy/#comment-683 Wed, 18 Oct 2017 13:15:00 +0000 https://www.opendemocracy.net/neweconomics/time-civil-society-take-economy/#comment-683 Much of what is wrong with our economy stems from how we create money – by private-sector banks (the fractional reserve system), from debt with the promise to pay a monetary (GDP growth) return. In other words, if you promise a bank to destroy the world and guarantee a 25% profit you’ll get the loan (money will be created) but if you promise to save the world but can’t ensure a profit, you won’t. But what magical, Keynsian flight of imagination can think of another way. The question is open.

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