Governments think that they can get money only via
Public Expenditure is the purpose of government spending.
Lord Saatchi addressed Taxation and Public Expenditure on Jan 27 2000.
The Money Supply of a nation has two sources:
M0 has gone down from 21% to less than 3% in Britain over the last thirty years.
Money Supply, i.e. the creation of money, is institutionalised such that
-- change is extremely difficult
-- institutions benefit through passive income from interest
-- the control through interest rates is extremely ineffective
-- scarcity is automatically built in
-- inflation is the natural effect of compounding interest on interest
-- exponential growth is natural through compounding interest on interest.
Conclusion: in order to make a difference, local initiatives are a beginning and regional economic developments would be more effective because national currencies are 'poisoned' through
-- money creation through central banks
-- circulation control through interest rates
-- value instability through