UK parliament debate Money Creation-1st time in 170 years. Does the cat come out of the bag?

UK parliament debated Money Creation and Society for first time in 170 years.
Does the cat come out of the bag?

London, 21st November 2014

On Thursday 20th November 2014 over 30 MPs took part in a debate
in the House of Commons on money creation and society.

This was the first time in 170 years, since the Bank Charter Act in 1844,
that the topic has been fully debated.

UK parliament debated Money Creation and Society for first time in 170 years.


UK parliament debated Money Creation and Society for first time in 170 years.
London, 21st November 2014
On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons
on money creation and society.

This was the first time in 170 years, since the Bank Charter Act in 1844,
that the topic has been fully debated.

Few people know that 97% of our money supply is created not by the government
(or the central bank), but by commercial banks in the form of loans.

As the results of our recent poll show, most MPs lack a sufficient understanding of money creation.

A worrying number of our MPs do not understand where money comes from.

This leaves them ill-equipped to predict another financial crisis, deal with rising debt,

housing bubbles or understand a fundamental driver of inequality.

More info: http://www.parliament.uk/business/c...e/news/mps-debate-money-creation-and-society/




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