permaculture

[Toby Hemenway <toby@patternliteracy.com>]

Nice explanation of a complex subject, Adam. Another book I've found 
useful is
"The lost science of money: the mythology of money, the story of power" 
by Stephen A. Zarlenga. The guy definitely has some axes to grind 
against the Fed and the gold standard, and sometimes sounds a little bit 
of a nut-job, but he covers the ugly history of the banking industry 
very well. He shows that there is no reason for us to trust banks, 
brokerages, and anyone else who can create money, as they act almost 
exclusively in their own self-interest and always set up the show to 
concentrate wealth their way. He pulls out a lot of historical records 
that are quite incriminating.

Toby
http://patternliteracy.com



adam @ ets wrote:
> Q: "Where does the "lost" money go ? can we find it and get it back?"
>
> A: No, that particular money is gone forever.
>
> It's worth spending a bit of time thinking about how money is created and
> destroyed.
>
> "The process by which banks create money is so simple that the mind is
> repelled."
> -- John Kenneth Galbraith
>
> Money, it turns out in our system, is created from thin air.  Here's how it
> works:
>
> *Money for nothing.*
>   
>
>