By Professor Emeritus Mary Mellor,from University of Northumbria That’s legal there are two magic money trees. Both the state and the banks can create money out of lean air. States effect this by having budgets. Despite the myths that have been told time and time again, states are NOT households – they run armies and... Read MoreThe post There is a magic money tree…in fact there are two appeared first on The London Economic.
Source: thelondoneconomic.com