Posted by a reviewer on Amazon

This book should be required reading for politicians policy makers and economists whose models still ignore banks and fail us

Posted by a reviewer on Amazon

It clearly explains the surprising fact that its private banks that create money not governments or central banks

Posted by a reviewer on Amazon

The only money the central bank can print is paper money which is now only a couple of per cent of the money supply

Posted by a reviewer on Amazon

Given the enormous power impact and financial advantage given by this right most of us would expect that a government or its central bank would be able to closely supervise it

Posted by a reviewer on Amazon

Its role is to explain how things are and provide wider context to show how the system arose how similar issues were tackled in the past or indeed are tackled in the present by countries with saner banking systems

Posted by a reviewer on Amazon

And it provides ample proof that combining selfmanagement lighthanded regulation with this amazing right and temptation for excess simply isnt working

Posted by a reviewer on Amazon

Summarizes actual monetary mechanism in modern economy

Posted by a reviewer on Amazon

How new money is created is widely misunderstood