Executive Summary The central bank of Guernsey issues the debt free Guernsey pound. Introduction Guernsey is not a country but a British Crown Dependency. However, its banking is separate from the UK — while it uses the same currency, the British Pound, so for monetary purposes, is listed here as a country. Guernsey issued its…
Executive Summary Modern Monetary Theory is the central banking model that private bankers do not want anyone to know about. Introduction MMT is very close to what is proposed on this website, but it works with the existing private central bank design. It points all the same benefits of a public central bank but appears…
Executive Summary The US has a very consistent inflation level. The logic given for the inflation level is not the real reason for it. Introduction If you study business in the US, you are taught that inflation is set to optimize the unemployment level. However, this can’t be true, as the US government has already…
Executive Summary Why Did the Dollar Go Up The Video of the Exchange Excerpt from the Exchange Between Grayson and Bernanke The Fed is Private Why is the Fed Answering Questions at All? This article was written in August 2009. Why Did the Dollar Go Up? Remember when the dollar went up when everyone thought…