the textbooks have long said, has three attributes: it is a medium of
exchange, a store of value, and a unit of account. As a medium of
exchange, it is a physical object or account balance that passes from
person to person when items are bought and sold. This role is very
important because it eliminates the need for ordinary barter, which
is an inefficient means of effecting trade as it requires discovering a
double coincidence of wants. The store of value function of money
allows people to store purchasing power between transactions, which
allows them to transact more efficiently, even though money is not
the primary medium for long-term storage of value. This function is
central to the cash-in-advance theoretical literature in monetary
economics. The third function, the unit of account, is that prices are
quoted in money units.
INDEXED UNITS OF ACCOUNT:
THEORY AND ASSESSMENT
OF HISTORICAL EXPERIENCE
Robert J. Shiller
MONDAY, JUNE 20, 2005
The Bubble’s New Home
By JONATHAN R. LAING
YALE ECONOMIST ROBERT SHILLER delivers his forecast for U.S. housing with a
scholarly diffidence that only slightly mutes his stark message: The market is in the
throes of a bubble of unprecedented proportions that probably will end ugly.
Such unsettling talk is cheap, of course, especially from a tenured academic, and many
sources, including Barron’s, have wrongly predicted housing’s downfall several times in
the past few years. But the Ivy League professor’s forecasts of coming trouble have been
right before. His best seller Irrational Exuberance, predicting a bear market in U.S.
stocks, hit the bookstores in March 2000, less than a week before the Nasdaq began a
dizzying descent from above 5000 that would destroy 75% of its value in a little over 2½
THE EMPERORS NEW CLOTHES, RUSSEL BRAND
Director: Michael Winterbottom
Writers: Russell Brand (made by), Michael Winterbottom (made by)
The film contains archival footage from the 21st-century recession paired with “comedic send-ups” from Brand, conducted in the financial districts of London and New York. In one scene in the film, Brand attempts to confront Lord Rothermere, the billionaire owner of the Daily Mail, about his “non-dom” tax status, through which he avoids paying taxes in the United Kingdom by claiming residence elsewhere. When Brand rings the bell at Rothermere’s London mansion and asks through the intercom to speak to him, he is told by an unseen person that Rothermere does indeed live there.
THE BRAVE NEW WORLD OF CARBON TRADING . BANNED PAPER CRITICISING CARBON TRADING #WRONGKINDOFGREEN
Professor Clive Spash on the limitations of Emissions Trading Schemes.
#153. One for the sceptics. Free Will or Determinism , The Climate Religion Rowsons #Perspectiva
FREE MARKET CAPITALISM: IT`S THEIR FUTURE, ” I HAD A BRILLIANT IDEA FOR 21ST CENTURY ECONOMICS ”
March 21, 2019
LIVE STREAM AGENDA/QUESTIONS DIALOGUE WITH JOHN HEARNE. A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY. “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.
LIVE STREAM DIALOGUE WITH JOHN HEARNE. A LIVE STREAMED DIALOGUE ON MONEY, BANKING AND POLITICAL ECONOMY. “TINA” THE VILLAGE BIKE OR TEMPLE WHORE.
John Bio Introduction. John is the Economics expert and it is His Brilliant Idea. What are his Ism ’s, Ist’s and Ologies? Are you a Monetarist? And what is that?Roger, intro brief.
Ex Property Developer, Chartered Surveyor turned Hippy Anarchist.
- Tag Crowds in the Running Order after first Video Introduction.
Johns Tag Crowd Top 5.
- Economy, Economics, Economists. (19)
- Government’s 12
MONEY LENT TWICE
Slide 21 Perpetual Debt Machine
Money as Debt is a 2006 animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practised through modern banking. The film presents Grignon’s view of the process of money creation by banks and its historical background, and warns of his belief in its subsequent unsustainability. Subsequent Money as Debt videos include Money as Debt II Promises Unleashed (2009) and Money as Debt III: Evolution Beyond Money (2011).
FIXING MONEY BETTER SOUND
Out of the Memory Hole
Like I dislike this About Share Add to Transcript Statistics Report
Published on Jun 25, 2012
Comedian Louis C.K., Activist Peter Joseph, and Euro Co-Architect Bernard Lietaer break down and expose the big bad joke that is The Federal Reserve, with help from the self-incriminating former Federal Reserve Chairman Alan Greenspan and former Federal Reserve Vice Chairman Donald Kohn.
“Our potential as humans is infinite– let us not limit ourselves through the medium of exchange. It’s time to wake up.” – Bernard Lietaer
For more information about Mutual Credit Systems, we recommend strongly the book “The End of Money and The Future of Civilization” by Thomas H. Greco Jr. Also, there is some good information at his website: http://www.reinventingmoney.com/
FAIR USE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 106A-117 of the US Copyright Law.
“We shall require a substantially new manner of thinking if mankind is to survive.” ~ Albert Einstein
Changing the way we think is the most difficult and necessary challenge for our species right now. It’s like the old adage that says that “fish don’t know they’re in water.” They’re so surrounded by it that it’s impossible for them to see. The water is like our ways of thinking. The assumptions we make about life have been so reinforced throughout our lives that we have difficulty seeing them. Yet our survival as a species depends us making the choice to understand, develop, and live from a new manner of thinking.
This channel is dedicated to exploring and sharing these new ways of thinking.
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TIDES OF THE DOLLAR MOON