Economics, Econometrics and Finance
6 years ago

Central banks could control money creation, changing global economic landscape forever.

Voprosy Ekonomiki
The end of Alchemy of Finance and Sovereign Money (on the books by M. King “The end of Alchemy: Money, Banking and the Future of the Global Economy” and by J. Huber “Sovereign Money. Beyond Reserve Banking”)
Vladimir Yefimov

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The books by King and Huber discuss how most money is created by private banks through loans, not by the Central Bank. Sovereign money suggests giving the Central Bank the sole power to create money, with most of it going to government spending.