A basic ABC on the banking system. This pamphlet tackles some of the myths and misconceptions perpetuated and prevelant in today’s political discourse
The new pamphlet ‘A Guide to Banking’, entitled the ‘The Magic Money Myth’, is now available from Head Office. £1.50 plus £1.50 p+p UK inland or buy online.
Contents: Capitalism and Money, How Banks Operate, The New Theory of Money, The Pure ‘Thin Air’ Theory of Banking, Fractional Reserve Banking, Loans Need to be Funded, Towards a Cashless Society?, Socialism or Banking Reform?
Text: https://www.worldsocialism.org/spgb/wp-content/uploads/2019/02/Banking-text.pdf