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The production of money : how to break the power of bankers / Ann Pettifor.

by Pettifor, Ann.

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Monetary policy.

Banks and banking.

9781786631343 (hc.)

xix, 172 pages : illustrations ; 21 cm

Includes bibliographical references.

Credit power -- The creation of money -- The 'price' of money -- The mess we're in -- Class interests and the moulding of schools of economic thought -- Should society strip banks of the power to create money? -- Subordinating finance, restoring democracy -- Yes, we can afford what we can do.

"Money makes the world go around; but what is it really? And where does it come from? The rich know how to become richer, but do the poor have inevitably to suffer as a result? Political economist Ann Pettifor shows us how wrong we are about this most misunderstood invention in history. Money is never a neutral medium of exchange. Nor is finance just a mechanism that connects borrower and lender. Pettifor shows us how to reclaim control of money from those who presume to be in control: the banks. She shows how we can use money to build economies that are both just and meet society's - and the ecosystem's - needs. She also looks at the latest alternative debates on, and innovations in money such as "green QE" and "helicopter money" to explore what kind of economic future they offer. She sets out the possibilities of discovering the link between the money in our pockets and the change we want to see in the world around us"--Provided by publisher.

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