In effect the current debt is managed by borrowing from the future, on the assumption that the future will be better off. But the underlying trend based on an energy analysis tells us a different story.
If you’re someone who’s curious about the geopolitical implications of carbon fuel and the ecological havoc it wreaks, you’ve probably come across some of Richard Heinberg‘s work. This week on Sea Change Radio, we speak with this senior fellow at the Post Carbon Institute.
Last week saw another major breakthrough in the monetary reform debate as leading UK economics commentator, the Financial Times’ Martin Wolf, argued that the power to create new money should be stripped from private banks and returned to the state.
Positive Money’s proposals have just been advocated by Martin Wolf, the chief economics commentator at the Financial Times, in an article entitled “Strip private banks of their power to create money“
Beyond God and state, it’s money that rules. Can we still imagine alternatives?