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A Parable on the Dangers of Banking - The Money Myth Exploded

Published on 31 Oct 2022 / In Money / Banking / Federal Reserve

⁣Published in 1936 by Louis Even, The Money Myth Exploded is a short story which examines a microcosm of our economic and monetary system to illustrate the dangers posed by Central Banks

The story also proposes a new monetary system called "Social Credit" wherein State run banks, rather than private Central Banks, issue new currency which is entirely interest free, and only created in proportion to the real Wealth of the country.

What do you think of Louis Evens proposals? How does it compare to other interest free monetary schemes of history?

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