{"id":27775,"date":"2019-07-20T09:49:34","date_gmt":"2019-07-20T13:49:34","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=27775"},"modified":"2019-07-20T09:50:56","modified_gmt":"2019-07-20T13:50:56","slug":"neoliberalism-has-tricked-us-into-believing-a-fairytale-about-where-money-comes-from","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2019\/07\/20\/neoliberalism-has-tricked-us-into-believing-a-fairytale-about-where-money-comes-from\/","title":{"rendered":"Neoliberalism has tricked us into believing a fairytale about where money comes from"},"content":{"rendered":"<p><em>The Conversation <\/em>has the article <a href=\"https:\/\/theconversation.com\/neoliberalism-has-tricked-us-into-believing-a-fairytale-about-where-money-comes-from-113783?utm_source=facebook\" rel=\"noopener noreferrer\" target=\"_blank\">Neoliberalism has tricked us into believing a fairytale about where money comes from<\/a>.<\/p>\n<blockquote><p>\nThere is nothing natural about money. There is no link to some scarce essential form of money that sets a limit to its creation. It can be composed of base metal, paper or electronic data \u2013 none of which is in short supply. Similarly \u2013 despite what you may have heard about the need for austerity and a lack of certain cash-generating trees \u2013 there is no \u201cnatural\u201d level of public expenditure. The size and reach of the public sector is a matter of political choice.<br \/>\n.<br \/>\n.<br \/>\n.<br \/>\nThe question then becomes: if the state as represented by the central bank can create money out of thin air to save the banks \u2013 why can\u2019t it create money to save the people?\n<\/p><\/blockquote>\n<p>For people who misunderstand money, or think they don&#8217;t understand money, here it is in a relatively short form. If you don&#8217;t know if you misunderstand money, read this, and compare it to what you think.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Conversation has the article Neoliberalism has tricked us into believing a fairytale about where money comes from. There is nothing natural about money. There is no link to some scarce essential form of money that sets a limit to its creation. It can be composed of base metal, paper or electronic data \u2013 none [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-27775","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/27775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=27775"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/27775\/revisions"}],"predecessor-version":[{"id":27777,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/27775\/revisions\/27777"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=27775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=27775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=27775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}