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What is the most fundamental building block in our current financial system?
Published: 06-03-2013 00:00
If you have to pick one factor influencing everything else in the financial and economic system, what would it be?
GDP growth of industrial and developing countries?
Rules, regulations and government stimuli?
What about money?
What is money and how is it created? It is fascinating that most everything in media and society touches on money, yet so little is discussed about what money is and where they come from.
The question of what money is and how money is created is debated mainly outside mainstream media. Strangely enough, different economists have different opinions.
If the supposed economic experts cannot agree on such a fundamental question, how can they then suggest solutions to the economic problems of debt and instability?
Is money creation too uncomplicated for people to grasp?
In a speech last year, the governor of the Bank of England, Mr. Mervyn King, said
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