Sunday, October 31, 2010

New Money Theory Needed

SUBHEAD: By understanding that money is simply credit, we unleash it as a powerful tool for our communities.Image above: Still frame from Frank Kapra's 1946 classic "It's a Wonderful Life". See (http://www.imdb.com/title/tt0038650)By Ellen Brown on 28 October 2010 in Yes Magazine -(http://www.yesmagazine.org/new-economy/time-for-a-new-theory-of-money)The reason our financial system has routinely

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