A brief guide to money and banking

Today, we publish our brief guide to money and banking.

A Brief Guide to Money and Banking

The Guide comprises:

  • Four charts showing how Baxendale and Evans’ measure of the money supply correlates to economic activity whereas the Bank of England’s measures do not,
  • How wealth is created,
  • What is and is not money,
  • What is wrong with the mechanistic Quantity Theory of Money,
  • The role of the interest rate in the business cycle,
  • How banking has become socialised through legal privilege and taxpayer guarantee,
  • The shape of the debate on money and banking.