Understanding money: resources from the web
Introduction What follows are links to articles or videos that look at all aspects of the money system and which we think will help understanding
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Introduction
What follows are links to articles or videos that look at all aspects of the money system and which we think will help understanding on this critical issue.
Articles
A comprehensive look at the money system in an article by Mary Mellor of Northumbria University (2019)
Neoliberalism has tricked us into believing a fairytale about where money comes from
Informative commentary on how Thomas Edison and Henry Ford got it right in 1921 (2000)
Thomas Edison on Government Created Debt-Free Money
A summary of the workings of the money system focussing principally on America put together by Geoff Coventry (2020)
A hard-hitting piece from former Australian journalist John Kelly (2019)
A politician’s guide to the question ‘How are you going to pay for it?’
An informative Twitter thread from Professor Stephanie Kelton of Stony Brook University New York (2018)
Government borrowing (debt) is not like private borrowing (debt)
The Gower Initiative for Modern Money studies is a non-profit organisation challenging economic orthodoxy. The article is written by retired economist Ellis Winningham (2019)
On National Government Spending, Taxation, and Bank Lending in the United Kingdom
Very amusing collection of the possible consequences of misunderstanding money (2020)
Mock congressional interview with the chairman of the Federal Reserve (US Central Bank) on money, debt and taxes by Warren Mosler (?2010)
An Interview with the Chairman
Historical summary showing why money is credit by the British diplomat, Alfred Mitchell Innes, from the Banking Law Journal (May 1913)
Videos
‘Probably the best’ half hour video on where money comes from. Takes the form of a Question and Answer interview using actors for a measured and straightforward delivery without using technical expressions (2018)
An excellent commentary on how money is created (2018)
A less than 5 minute video by Professor Stephanie Kelton of Stony Brook University New York investigating how government finds the money to pay for things (2020)
Just over 10 minute long video on Modern Monetary Theory (MMT) orientated particularly towards the United States monetary system, which nonetheless remains relevant to the UK, from Warren Mosler usually thought of as a founder of the MMT movement. One or two annoying errors such as calling scrip (money) ‘script’.. (2020)
A half hour video from, architect, and ‘economic investigator’, J.D. Alt (2016)
