| Date | 24/2/2014 | Presenter | Richard |
| Location | Quaker Meeting House | Type of meeting | Members talk |
|
Attendees |
14 people present, of whom 4 were new | ||
Presenter : Richard Bruce
Richard is a supporter of the Sheffield Group of Positive Money supporters, and an IT consultant from Bradford http://www.brucenetworks.com/
The slides from the talk can be downloaded here > Debt or Delusion slides.ppt
The main parts of the talk were
1) Where does money come from?
describing the origins of money as a credit and debit system.
2) What do banks do?
Banks role as the creators of credit including a simple balance sheet example.
Loans create deposits.
3) Governments role as the tax and medium of exchange enforcers.
The final part included a demo using a business card of a simple economy
The latter part of the presentation was unfamiliar ground to many in the audience, and provoked a lively discussion on a number of social and political issues. For more information about governments role as creators and legitimisers of currency, see the following websites
http://softcurrencyeconomics.com/
http://en.wikipedia.org/wiki/Modern_Monetary_Theory
google searches for "neo chartalism"
I have started a discussion thread on the forum about MMT (Modern Monetary Theory).