Key findings, according to the NEF: > There is widespread misunderstanding of how new money is created: even among bankers, economists, and policymakers > Physical cash accounts for less than 3 per cent of the total stock of money in the economy > The absence of this understanding makes attempts at banking reform more likely to fail
Below you find the introduction of the publication.
Report
Where Does Money Come From?
Authors:
Tony Greenham, Josh Ryan-Collins, Richard Werner, Andrew Jackson
Entry type:
Report
Year of publication:
2012
Tags: