By The Centre for Economic and Social Justice, Arlington, Va.
Recently, on the business networking site “LinkedIn”, a commercial bank vice-president asked, “Is it better for us to keep dealing in paper-based currencies and economies, or to redefine our monetary and financial systems?” Answers to the question were all good — given the definition of “money” currently in use by economists and policymakers. It would be better, however, to replace the current definition of “money”. The understanding of money in all the systems based on the tenets of the “British Currency School” — which include Keynesian, Monetarist, and Austrian schools Read more »