Mutual Credit, the Astonishingly Simple Truth about Money Creation

It is in this incredibly simple way that humanity can finance itself interest free. We can get rid of interest, not by outlawing it, but by creating all the cash we will ever need at zero cost.We don’t need interest, there is no economic need for it and fully functional ways of creating credit without it are available now.It will make obsolete capital markets, speculation, and exploitation through artificial scarcity. It ends the losses to inflation. It allows decentralized control of the economy.It only needs growing awareness and dedicated people to implement it.

via Mutual Credit, the Astonishingly Simple Truth about Money Creation.

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