Savings crisis – The ideal monetary system, part 4 08. 07. 2014. Recently there’s been a lot of talk about the excessive indebtedness of the world and the need to deleverage. However, debt is the mirror image of savings; that’s what our monetary system is built upon. If debt has become too high, this also means that the amount of savings has reached an unsustainable level too. The landslide hitting the world economy in 2007/2008 is termed ‘credit crisis’, while it could reasonably be called a savings crisis as well. Read more about Savings crisis – The ideal monetary system, part 4
Monetary Chernobyl – The ideal money system, part 1 27. 09. 2013. In April 1986 an experiment was performed in a Soviet nuclear power station. We all know what happened next: the experiment went wrong and the most serious nuclear accident to date ensued. As tends to be the case, the unfortunate development of several independent factors played a role in the disaster occurring. It was a combination of conspiring factors. Read more about Monetary Chernobyl – The ideal money system, part 1
