The true value of money

The true value of money

What would a revolution of economics look like? Economics needs a revolution. This sentiment has been expressed by people from the physicist turned hedge-fund manager Jean-Philippe Bouchaud (in a 2008 paper), to the Bank of England’s Andrew Haldane (in a 2014 foreword...
The Root of Collapse

The Root of Collapse

Dmitry Orlov on the ticking time bomb inside all our financial arrangements. Collapses, like the one we experienced in North America in 2008, or the ongoing erosion in Greece, don’t come out of nowhere. In fact, they are highly predictable events, with clues...
The Green Back vs. The Rial

The Green Back vs. The Rial

A single banknote can reveal a lot about the attitude of a nation. A single banknote can reveal a lot about the attitude of a nation. Take Iran for example. On each 100,000 rial bill it says: “Human beings are members of a whole in creation of one essence and soul.”...

Money Dreaming

Everyone is a Banker. In my country – Noongar Country in Western Australia – the Whadjuk word for money is the same as the word for rock: Boya. Only with the arrival of Europeans did the word for an externalized monetary system come about (connected to rocks that...