Mary Mellor, professor emeritus at the University of Northumbria and one of the featured thinkers in the CSG’s “Democratic Money and Capital for the Commons” report, clarifies the ongoing debate on the UK about where money comes from. Originally published in The London Economic. Mary Mellor: That’s right there are two magic money trees. Both the state and the banks can create …
From Ego to Eco: Designing Regenerative Cultures
By Daniel Wahl, author of Designing Regenerative Cultures. Permaculture A new generation of designers are applying ecologically inspired design to agriculture, architecture, community planning, cities, enterprises, economics and ecosystem regeneration. Join them to co-create diverse regenerative cultures in the transition towards a regenerative society. Humanity’s impact needs to shift from degeneration to regeneration before the middle of this century. We will …
The Rock-Star Appeal of Modern Monetary Theory
In These Times, 8 May 2017 (Illustration by Victor Juhasz) In early 2013, Congress entered a death struggle—or a debt struggle, if you will—over the future of the US economy. A spate of old tax cuts and spending programs were due to expire almost simultaneously, and Congress couldn’t agree on a budget, nor on how much the government could borrow …
Democratizing Money: On Mary Mellor’s “Debt or Democracy”: Quantitative Easing for People and Investment in the Common Good
By David Bollier, 31 Mar 2016 Although it is widely assumed that governments are the source of all new money – through “printing it” – the so-called private sector is the source of most new money put into circulation. In one of the most successful enclosures of the commons in our time, commercial finance institutions have captured the power to create …