Saturday, October 30, 2010

Our Relationship With Money

(1) TIME FOR A NEW THEORY OF MONEY


The reason our financial system has routinely gotten into trouble, with periodic waves of depression like the one we’re battling now, may be due to a flawed perception not just of the roles of banking and credit but of the nature of money itself. In our economic adolescence, we have regarded money as a “thing”—something independent of the relationship it facilitates.

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