New Money for Healthy Communities by Thomas H. Greco PDF

By Thomas H. Greco

Ebook by means of Greco, Thomas H.

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Centralized institutions of power, even while appearing to further consolidate their power, are disintegrating from within. The world has been startled with the suddenness of the collapse of the Eastern Bloc and the Soviet Union, which once seemed monolithic and indestructible. Old ethnic identities are reemerging as the seeds around which a new order is beginning to crystallize. But even this degree of centralization around ethnic identities, with all their historic rivalries and animosities, will probably be transitory.

Much has been written about the nature and causes of the Depression, which need not be repeated here, but for those for whom the event is too remote in time to have much meaning, we will attempt a brief summary. The Great Depression was world-wide in scope, but it was particularly severe and long-lasting in the United States[34]. It was characterized by several concurrent financial and economic symptoms, which the U. S. Department of Commerce listed as follows: 1. an unemployed population estimated at over 12 million, 2.

Whether that money be in the form of paper, coins, or bank credit, its creation is beyond the control of the producers of real wealth. In other words, the creation of goods and services depends upon money changing hands. Zander’s proposal is much more rational. It puts the horse properly before the cart, in that producers can create a form of money themselves with which to enable the purchase of their products. In this instance the creation of money depends upon goods or services changing hands.

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