Fixing the Recession: Three Unconventional Ideas
By: Andrea Terzi There are no ’scarce resources’ causing the financial crisis and the global recession! And yet, no self-correcting force is likely to operate soon. In a “money crisis”, only political...
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1st Mecpoc Symposium
The first Mecpoc Symposium was held on April 8, 2008, at Franklin College Switzerland. The proceedings consist of papers submitted by the guest speakers and transcripts of the speakers’ remarks. To...
View ArticleWhy It's You and Me Deciding the Amount of Banknotes in Circulation
By: Andrea Terzi You may think that the Fed, the central bank of the U.S., has complete control, or at least some control of how many banknotes circulate in the economy. The fact is that the Fed has no...
View ArticleWhat Will Change the Total Amount of Bank Deposits Held by the (Non-Bank)...
By: Andrea Terzi The total amount of bank deposits has nothing to do with the saving attitude, or with the spending decisions, of bank accounts’ holders. A new bank deposit can only be created through...
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