Interest And Inflation Free Money

Publisher: Inbook; Rev Sub edition (March 1995)Language: EnglishISBN-10: 0964302500ISBN-13: 978-0964302501

A visionary case for a new monetary system that is interest-free, just and stable As a medium of exchange, money is one of the most ingenious inventions of mankind, as it facilitates the trade of goods and services and allows for specialization and the division of labor. However, compound interest and inflation have caused our monetary system to balloon to the point where bailing out banks, large corporations, and even entire countries will not prevent a complete breakdown of the global economy-unless we change the system in fundamental ways. It's time for a grassroots movement to knock conventional money off its pedestal and replace it with a fresh paradigm that puts people before profits. A guide not only for the 99% but also for the 1%, Occupy Money demonstrates that the creation of a stable and sustainable monetary system will reflect real wealth rather than the smoke and mirrors of speculative profit, thus providing an alternative to the Age of Austerity. This vision can be realized through such creative initiatives as: Establishing time banks and complementary currencies geared to specific services such as health and education Eliminating interest through interest-free loans and "demurrage", which rewards currency circulation Re-localizing economies through regional currencies. For many years financial insiders have hidden economic truths by describing them in arcane terms that no layperson can understand. Occupy Money uses clear, simple and concise language to explain how money will serve people instead of people serving money, and in doing so it issues a challenge to the very foundations of conventional economic doctrine.

Kennedy wants to do justice to the poor. She wants to eliminate interest and inflation rate. This paper proves that her theory is based on four misunderstandings, and that her theory actually results in even higher interest and inflation rate. Kennedy has instead inflicted injustice.

Frederick Mishkin's work has been dedicated to understanding the relationship between money, interest rates and inflation. The 15 essays in this collection - unabashedly empirical and rigorous - include much of Professor Mishkin's most highly regarded work. Money, Interst Rates and Inflation offers a coherent and informative assessment of how monetary policy affects the economy. In addition, the essays in this collection illustrate how rational expectations econometrics can be used to answer basic questions in the monetary-macroeconomics and finance areas.