20 Concepts I Wasn’t Taught in Business school

[caveman]

This is a link to Nate Hagens own page. Nate was at the helm of the now defunct 'The Oil Drum'. He has a good few lectures posted on Youtube and elsewhere. This recent essay/list is a good primer for anyone who has an inkling that our species might be in the poo but is not clear why. For those of us who keep an weather eye on these matters it serves to straighten out the thinking which can get into a mess because there is such a nearly impenetrable mess of information and disinformation out there.

www.themonkeytrap.us/twenty-important-concepts-i-wasnt-taught-in-business-school-part-i#more-40

I have a bookmark on this page.
C

[cye]

i was pleased to see concept #13 being the principle of where money comes from (mainly from thin air). this concept is explained in simpler terms on the positive money website

www.positivemoney.org/


i was explaining to one of my sisters the other evening that we were all working to pay off mortgages, and that these mortgages (millstones) were higher (heavier) than they really should be, because most banks obtained the money they lend for mortgages out of thin air.

She looked at me disbelievingly and then suggested this was some form of conspiracy theory. "Not at all" I replied, "it is a simple fact of accounting and economics".

It made me realise that otherwise sensible folk find this simple concept incredible. For any doubting Thomas people out there, I recommend having a look at the link above, and then for further reading , try the book "where does money come from" by economics prof Richard Werner and his colleagues. A highly respected book, applauded by the Bank of England and economics academics around the world.