7th January 2024
For explanations of the banking system and economic matters and much more a great blog to follow is written by Richard Murphy. Funding the Future is written and managed by Richard Murphy on behalf of Tax Research LLP.
Regular updates daily on many topics are very interesting and informative. See https://www.taxresearch.org.uk/
Recently the question of Where Money comes From In The first Place has had very interesting comments.
Bill Kruse who has collected many useful references post it to the blog. If you think you know where money comes from then read a few of the explanations at https://www.economania.co.uk/various-authors/where-money-comes-from.htm There is a lot to take in so bookmark to read more when you have time. Thanks to Bill Kruse for sharing.
The blog that kicked a huge interest can be found at
https://www.taxresearch.org.uk/Blog/2024/01/06/central-bankers-on-the-ability-of-banks-to-create-money-out-of-thin-air/
As has been pointed out some off our politicians do not seem to understand how the system works to create money in the banking system leading to them uttering entirely inaccurate statements and worryingly may lead to part of the state we are in.
Richard Murphy has devoted much time to his blog and he appears regularly on TV, Radio and other media. Well worth signing up for to his blog to keep up to date with the economic and politics of finance.