Date: 2018-02-17 Page is: DBtxt001.php L070-ML-MONEY-LIQUIDITY Tweet
MONEY / LIQUIDITY A key feature of the classic economic system ... essential ... but a problem
This is very thought provoking ... but is essentially wrong, not so much because of the detail of how 'money' is created, but because it ignores the mechanism by which wealth and prosperity are created.
Wealth and prosperity are created because the PROCESSES of the ECONOMY result in true VALUE ADD and the PROCESSES of NATURAL WORLD also function to sustain value, and perhaps actually add value. The financial processes being described in this video explain very well how the value created by human effort and natural systems is extracted by the banking and financial system to renrich this segment of the system at the expense of everyone else.
Financial Inclusion ... Accion-CFI-Uniting-Tech-and-Touch-Kenya-2017
36 page paper prepared by Alexis Beggs Olsen in November 2017
While Kenyans are comfortable conducting transactions digitally, other key aspects of the financial service customer journey are not adequately handled by digital means alone
Pavlina R. Tcherneva Levy Economics Institute of Bard College 26 pages
Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning. Money not only predates markets and real exchange as understood in mainstream economics but also emerges as
a social mechanism of distribution, usually by some authority of power (be it an ancient religious authority, a king, a colonial power, a modern nation state, or a monetary union). Money, it can be said, is a “creature of the state” that has played a key role in the transfer of real resources between parties and the distribution of economic surplus.