website: Money As Debt
John Kenneth Galbraith: “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it…. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.” Money, Whence It Came, Where It Went, Chp 1: Money, p.5, Chp 3: Banks, p.22 (1975)
Buckminster Fuller: “One of my earliest books was Nine Chains to the Moon, written in 1935 and published by Lippincott in July 1938, and now being published by Doubleday. In it I referred so frequently to Finance Capitalism that I developed a contraction of those two words into FINCAP. FINCAP had died a lingering death between 1929 and 1934. In this book, Critical Path, I refer so often to the lawyer-resurrected ‘capitalism’ that it is appropriate to refer henceforth to LAWCAP. LAWCAP’s ‘capitalism’ is paradoxically the most highly socialized organization in all history—the citizens of LAWCAP’s welfare-state—the whole body of corporate stockholders—having an annual average dole of $100,000 per capita without their even having to make a pretense of getting a job.” descriptions of FINCAP and LAWCAP from Chp. 3: Legally Pigally, p.114, Critical Path (1981)
It is time we represent ourselves, and decide how to spend “our money”. Direct allocation of taxes will be a major first step in creating a real democracy here, because one function will be to fund the other necessary aspects of returning the making…
How a society defines economic terms and relationships will determine who controls it.
