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Friday, 10 March 2017

Production of Money : How to Break the Power of Bankers >>> and claim control over money

Banks have again been under the spotlight:
Futures Forum: Brexit: and closing high street banks
Futures Forum: Brexit: and opportunities for small banks

And they were before the referendum:
Futures Forum: The nef > 'transforming RBS into a network of local banks'
Futures Forum: Royal Bank of Bradford

There are longer-term, more localised solutions to relying on the banks:
Futures Forum: Communities deciding to produce their own money
Futures Forum: Alternative currencies >>> responding to market and government failures
Futures Forum: Exeter Pound official launch >>> Tuesday 1st September

And there are wider questions about the nature of banks and what they deal in:
Futures Forum: An Exeter Pound: What came first: money or debt? ......... David Graeber's "Debt: The First 5000 Years"

This week, Laurie Taylor on Radio 4's Thinking Allowed took a look at a new book on banking and money:


Money - how to break the power of the banks

The production of money: how to break the power of the banks. Laurie Taylor talks to Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME) and author of a provocative new book which asks how money is created and whose interests it serves. 
Countering the notion that it's a neutral medium of exchange in which bankers are merely go betweens for savers and borrowers, she says we can claim control over money production and avert another financial crisis. 
But how might we go about it? Diego Zuluaga, Financial Services Research Fellow at the Institute of Economic Affairs, offers a contrasting perspective.

The Production of Money

RELATED LINKS
READING LIST
Ann Pettifor, 'The Production of Money: How to Break the Power of Bankers' (Verso, 2017)

BBC Radio 4 - Thinking Allowed, Money - how to break the power of the banks

Production of Money: How to Break the Power of Bankers | Booklists | London Review Bookshop
The Production of Money : How to Break the Power of Bankers: Ann Pettifor: 9781786631343: Telegraph bookshop
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