Reconsidering the privileged powers of banks foundations of sovereign money, wealth and real capital for sustainability /

This book reconsiders the privileged powers commercial banks hold, i.e., their ability to create money out of nothing and then have that money grow with a positive interest rate. Said powers defy the first and second laws of thermodynamics. The necessity of understanding the dual natures of money, w...

Full description

Main Author: Mayumi, Kozo Torasan,
Other Authors: Renner, Ansel,, SpringerLink (Online service)
Format: eBook
Language: English
Published: Singapore : Palgrave Macmillan, 2023.
Physical Description: 1 online resource (xxi, 221 pages) : illustrations (some color)
Subjects:

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