By Govert Schuller.
From now on the AMI web site will also host the extensive bibliography on monetary history, theory and reform, besides Alpheus and AFJM. The list has gradually grown to over a 1,000 items. The last addition added just shy of 150 items collected over a time period of about two years.
Like the bibliography, the list with additions has been categorized.
Some of the highlights of the list are:
To hear the maestro’s voice, a 2008 interview with Stephen Zarlenga by Diane Kamp and Dave Zollinger forDemocracy’s Edge Talk Radio. We also dug up a little article by John Howell, “Who creates money and where does it go?”
Very entertaining, educational videos by Joeri Schasfoort on monetary matters.
Lots of studies covering the 1930s Chicago Plan, especially by economist Irwin Fisher, but also Curie, Douglas, Simons, Graham and a later commentator Demeulemeester.
More items from the writing combo Richard Robbins and Tim DiMuzio, as well as the Post-Keynesian partnership of Sergio Rossi and Louis-Philippe Rochon, including their allied Giancarlo Bertocco.
Added also the legal studies from Cornell Law School scholars Saule Omarova and Robert Hockett, whose paper the “The Finance Franchise” was well received in MR circles.
More admissions of the credit creation theory from the banking world, for example in a 2018 speech by Thomas Jordan of the Swiss National Bank.
And in the context of studying monetary phenomena in Lesser Developed Countries (LDCs) a very recent monograph in the make by Indonesian economist Djamester Simarmata is of great importance: “Development Finance by Money Creation, instead of Foreign Debt or Saving: A New Paradigm For Development Economics”. The 2018 study by Hee-Yul Chai and Sang B. Hahn is also very relevant. And to this could be added Thomas Palley’s paper “Theorizing dollar hegemony”. Then see also Richard Werner addressing the monetary disadvantage of LDCs in “A Prosperous Future Together”.
Expanding in Category H. on the theme of background studies connected to global histories of capitalism and the rise and fall of civilizations, the main studies by Arnold Toynbee and Immanuel Wallerstein are added, as well as their merging in the concept of ‘Central Civilization’ by political scientist David Wilkinson.
Though many items are not directly available on the internet, contact the editor to see if any of them are available. Also for corrections and additions, contact him here.
The late +James Gibb Stuart wrote below:
“Friend! There’s a subtle feature of speculative behaviour which reflects the public attitude to money itself. When money is in its right place, fulfilling its proper function, men’s minds are fixed upon the goods and services which money can help them to exchange. In such an economic environment the producers of real wealth are seen to earn a fitting reward for their labours and expertise, and in fact productive and community endeavour are portrayed universally as almost the sole means whereby the individual can get himself a goodly share of the world’s riches. Let there just be a change in the emphasis, however. Raise the interest rates. Exacerbate the debt structure. Turn money into a commodity which can be bought and sold at a profit. Then you create a breed of men who live by their dexterity at the exchanges. When these men are seen to prosper more considerably than the producers of goods and services, there is a desire amongst the ordinary plodding citizenry to command a share of the action, and to participate in what are seen as easily made profits. Many a fond illusion was wiped out in the collapse of Wall Street share values during the crash of 1929. Whole volumes have been written about its causes and repercussions, and about the sinister shift in real estate ownership which took place during the spate of liquidations and forced sales which followed. But we shall content ourselves meanwhile with the comment that it was just one of a chain of events that were set in motion way back in 1913 when the Federal Reserve Bank was formed to lend money to the Government.”
― James Gibb Stuart, The Money Bomb
The time is very ripe indeed for millions of impoverished Filipino citizens in the name of “authentic justice” under the current creaking, and fiendishly voodoo complicated economic system, and “unrecoverable financial-economic crisis” that is getting worse day by day without relief and no hope in sight, to take major radical actions to save us from debt apocalypse.
We are now falling in the hardest times, and vertiginously plunging into survival of the fittest, as systematically caused by the infinitely silly debt madness, addiction, nasty-muddy tricks, nostrums, plagues, and barbarically incorrigible treadmill of the grand scams of debt finance disaster capitalism and oppressively compounded interest global imperialism as arithmetic weapon of mass destruction – chaining our Philippine municipalities, provinces and the national government into debt nightmares and is therefore “torpedoing ruthlessly our national economy in exit-less boom-bust credit cycles whereby 98% of our money supply is electronically, and soon digitally by AI technologies, and manually generated credit or money by greedy private, commercial, foreign and international banks through the so-called “ex nihilo” money creation of the infamous monopoly of credit or interchangeably the fractional reserve banking – a system being used by most of the world’s central banks, whereby only a fraction of deposits are backed by actual cash along with increasing taxes – 12% Expanded Value Added (E-VAT) and mandatory collection targets, and the present pestiferous policies of financial and trade liberalization, globalization, privatization and selling-off national assets and public utilities with unpardonable repercussions that are hostile to millions of poor Filipinos, the farming communities, the farming families, the rural peasants, who are financially hobbled in consternation for survival whereby money is fast losing its value in front of the rising prices of basic needs and services even in the most intelligent mathematical budgeting, almost in comatose stage, and in great dying in the zones of eternal darkness”, have therefore every moral birthright, profoundest duty and compelling initiatives for the love of the country, and for the very sake of our very own survival, and for the present and next Filipino generations to “categorically repudiate” and deny the entire Philippine Government’s national odious and onerous debts both foreign, domestic and other Government’s assumed corporate debts – now calamitously reaching to TRILLIONS of Pesos between P13 Trillion in excess and plus those odious debts in excess, despite of annual servicing to the scoundrels of private, commercial and international banks of global banking scams where high percentage of annual national budget is allocated, by presidential decree, for interest payments. The damages done by 25 years of $74 Billion costs of corruption, accordingly, and approximately $200 Billion paid interest to government loans in 50-60 years (5-6 decades or even more) to private, commercial, foreign and international bankers, and the misuse and wanton wastage of Filipino People’s Money have been gigantically horrendous than the costs of damages of natural calamities combined.
THE SAVAGE CRUELTY OF DEBT HAS BECOME UNPARDONABLE. THE BANKERS, TYCOONS AND THE POWERFUL FEW GET SUPER-RICHER AND MORE POWERFUL PARTICULARLY FOLLOWING THE COVID-19 PLANNED DEMIC WHILE THE POOR GET DAMNED POORER AND THE MIDDLE-CLASS FILIPINOS CONTINUE TO DISAPPEAR AS THEY CANNOT ALSO WITHSTAND THE CRISIS. The poor are impossible to survive through except by the miracles of God.