Date: 2025-07-03 Page is: DBtxt003.php txt00003386
Central banks create 'State Money'.
Commercial banks create 'Bank Money'.
Business activity creates products an/or services, value-add and profit.
All of this supports the government and investment economy ... the economies of Washington and Wall Street, and also supports the economies of Main Street and society!
The real economy is complex.It is about food and water, housing and clothing, health and education, faith, sport and entertainment ... in servce for people.
To pay for their basic needs, people need to have money ... mainly from jobs that pay wages.
Jobs are part of economic activity that produces goods and services that satisfy needs ... and if these jobs are not funded with either 'State Money', 'Bank Money' or some form of accunulated capital, they will disappear.
A possible way forward to for a funding shortfall to be funded with 'Job Money' created by a 'Jobs Bank'.
For more on this contact Peter Burgess ... peterbnyc@gmail.com
Follow on Twitter @truevaluemetric
See more at http://www.truevaluemetrics.org