Money - The New Rules of the Game
This book advocates a holistic reform of the current monetary and financial system dealing with the issues of money creation, central banks, loans, stock markets, tax justice, pension security and the international monetary system - “Bretton Woods II”. It
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Christian Felber
Money – The New Rules of the Game
Christian Felber Vienna University of Economics and Business Vienna Austria Translated by Jacqueline Mathewes
ISBN 978-3-319-67351-6 ISBN 978-3-319-67352-3 (eBook) https://doi.org/10.1007/978-3-319-67352-3 Library of Congress Control Number: 2017956749 © Springer International Publishing AG 2017 Based on a translation from the German language edition: Geld. Die neuen Spielregeln by Christian Felber, Copyright © Deuticke im Paul Zsolnay Verlag Wien 2014. All Rights Reserved. This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Money will determine the fate of mankind. Jacques Rueff1 The real price we pay for our money is that our thinking about it is narrowed with regard to what is possible—money builds a prison for our imaginative power. YES! A journal of positive futures2 On the face of it, the growth spiral of the economy is a so-called snowball system, which is based on the fact that payouts for previous investors come from the deposits of new investors. Hans Christoph Binswanger (2013, p. 29) Products were once turned into money in order to make the acquisition of new products possible, now money is turned into goods and the only aim is to turn these into more money. Christina von Braun (2012, p. 188)
In “The Age of Inflation”, Chicago, 1967. Cited in Lietaer (2002, p. 360). Special Edition on Money: print your own, No. 2, Spring 1997, p. 12.
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A bank is not an institution for accepting or lending money, it is an institution for creating credit. Henry Dunning Macleod (1889)3 The majority of citizens are of the opinion that they belong to the winners in the interest system. Helmut Creutz (
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