Tag Archives: the dollar
Are the chances of real reform improving?
In The Money Trap, I argue that our problems result from the way in which we have applied a particular concept of money – the state theory of money. This dominated government policy in the 20th century. As Keynes said, all modern money is state money – it is seen as a creature of…
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Might the US champion reform?
A few years ago, there was much excitement amongst monetary reformers when the governor of the People’s Bank of China made a speech championing reform. But China did not follow up that initiative – indeed, officials downplayed it, saying that Governor Zhou had been speaking in a personal capacity. Then came President Nikolas Sarkozy, who…
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