Repost from RWER: "Is bitcoin ´money´? The Post Keynesian view."

 see http://rwer.wordpress.com/2013/11/27/14335/

Guardian Post: The truth is out: money is just an IOU, and the banks are rolling in it

The truth is out: money is just an IOU, and the banks are rolling in it

The Bank of England's dose of honesty throws the theoretical basis for austerity out the window.

 

Read it at: http://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity