Faversham Stoa is a philosophy discussion group meeting on the 3rd Tuesday of every month from 7.30 to 9.30pm in the Money
It's funny stuff? – money. It only exists because we all agree that it exists but without it you can literally die. How does it work and what does it mean to us? Are credit and debt good or bad for us as individuals and the economy? Is money nothing more than debt: a debit on someone's bank account somewhere?
Articles
- Money
- Introductory article in Wikipedia
- What is money, why do we trust it and has it become too confusing?
- We invest it and gain it, and unfortunately sometimes lose it, and we give it value and worth - or at least we agree to give it a certain value. But what does it represent?
- Debt-based monetary system
- Criticisms of fractional reserve banking have been put forward from a variety of perspectives and critics have included mainstream economists. However, Within the economics profession nowadays, most criticisms are based upon non-mainstream economic theories such as those of the Austrian School and some critics from outside the economics profession, eg, author Michael Rowbotham, and libertarians who favour the free banking or full reserve banking systems.
- Origins of Money and of Banking
- The history of credit and banking goes back much further than the history of coins. Nevertheless the story of the origins of money goes back even further still.
- Philosophy of Money
- A philosophical view of money as a social phenomenon arguing that the way to understand money is to analyze its meaning as a medium of exchange thereby providing an investigation of its social value. This approach has been used by many of the great philosophers and economists of the past, but not today. Modern economics is a policy oriented theoretical discipline and concentrates its efforts on solving practical tasks.
- Money as Debt Video
- “Each and every time a bank makes a loan (or purchases securities), new bank credit is created – new deposits – brand new money.” – Graham F Towers, Director, Bank of Canada
- Modern Money Mechanics
- A booklet is to describing the basic process of money creation in the Fractional Reserve banking system.
