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  • Reconsidering the Privileged Powers of Banks

    Foundations of Sovereign Money, Wealth and Real Capital for Sustainability

    by Kozo Torasan Mayumi, Ansel Renner ...
    Series series Economics and Finance (R0)
    This book explores the privileged powers commercial banks hold, namely, their ability to create money out of nothing and then have that money grow in tune with a positive interest rate. Said powers defy, in an unnatural sense, the first and second laws of thermodynamics. The necessity of understanding the dual natures of money, wealth, and real capital, or, put differently, the reality that these ... Read more

    $154.99 CAD