Promise to Pay

Promise to Pay

Robert McNair Wilson

22,44 €
IVA incluido
Disponible
Editorial:
Omnia Veritas Ltd
Año de edición:
2015
Materia
Economía monetaria
ISBN:
9781910220245
22,44 €
IVA incluido
Disponible

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In the civilised world there are enough raw materials, machinery, labour and scientific knowledge to satisfy the needs of all the inhabitants.Poverty and hunger exist because people have not enough money to buy all the output of modern civilisation at a fair price to the producers.When there is a shortage of anything the most obvious remedy is to create some more and there is no real difficulty in creating more money. PROMISE TO PAY shows how this should be done when money is backed by goods and services.The creation of money should be in the hands of the State or Head of Government and not in the hands of private banking. The state would issue sufficient money to enable the buying power to keep pace with production.Paper money issued by banks is not real money but 'Promise to Pay' money and the amount in circulation bears little relation to the amount of goods and services available.When there is less money than goods, people go short of food and clothes. When there is more money than goods prices rise and people pay more and more for less and less.

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