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Prof Emeritus and former Senior Economist at the World Bank, Herman Daly, gave a pre-recorded message for the 3rd annual Positive Money Conference "Modernising Money" (London 26th Jan 2013). It was his opinion that fractional reserve banking pushes "anti-economic" growth. The fact that we have had such meltdowns should make the public eager to seek some kind of reform.

The book Modernising Money - you can read a free preview and buy the book here:
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More about the 'Modernising Money' conference 2013 here:
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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: [ Ссылка ]

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