How Money is Created: Difference between revisions
Jump to navigation
Jump to search
(Created page with "As OSE moves forward to create real economies, and therefore real money, it is important to understand what money is. Here are some explanations of how money is crwated. This...") |
No edit summary |
||
| Line 1: | Line 1: | ||
As OSE moves forward to create real economies, and therefore real money, it is important to understand what money is. Here are some explanations of how money is crwated. This is important to understand and view of modern possibilities with distributed Ledger's of the blockchain to create distributed validation mechanisms for money. | As OSE moves forward to create real economies, and therefore real money, it is important to understand what money is. Here are some explanations of how money is crwated. This is important to understand and view of modern possibilities with distributed Ledger's of the blockchain to create distributed validation mechanisms for money. | ||
http://positivemoney.org/how-money-works/how-banks-create-money/ | [http://positivemoney.org/how-money-works/how-banks-create-money/] | ||
=OSE Assessment= | |||
*The Positive Money people above [http://positivemoney.org/modernising-money/] propose than instead of banks reading money out of the thin air by fractional reserve loans - the government should instead perform this function directly. This means abolishing fractional reserve banking and declaring the money supply - by creating and destroying money. From the OSE perspective, both of these approaches are inherently flawed based on their centralization - in the hands of profit motive banks on the one side, and in the hands of modern olitbic government on the other. To update the logic | |||
Revision as of 05:54, 15 February 2018
As OSE moves forward to create real economies, and therefore real money, it is important to understand what money is. Here are some explanations of how money is crwated. This is important to understand and view of modern possibilities with distributed Ledger's of the blockchain to create distributed validation mechanisms for money.
OSE Assessment
- The Positive Money people above [2] propose than instead of banks reading money out of the thin air by fractional reserve loans - the government should instead perform this function directly. This means abolishing fractional reserve banking and declaring the money supply - by creating and destroying money. From the OSE perspective, both of these approaches are inherently flawed based on their centralization - in the hands of profit motive banks on the one side, and in the hands of modern olitbic government on the other. To update the logic