Chapter 1 – Introduction
1.0 US Money
1.2 Who Done It?
1.3 What is money?: Where does it come from and where does it go?
1.4 Let’s piece it together
Chapter 1 Endnotes
Chapter 2 – Foundation Piecing
2.5 Systems matter: Different field, different rules, different values lead to different outcomes
2.6 Our money system matters
2.7 Math matters – exponential growth: You can have your own opinion, but you can’t have your own math.
2.8 Math matters: Ponzis & pyramid schemes
2.9 Human nature matters
2.10 Human nature: The blind men and the elephant
2.11 Nature matters: Efficiency vs. resilience and diversity
2.12 Clear thinking matters
Chapter 2 Endnotes
Chapter 3 – Money Fundamentals
3.13 Not money: Sharing, gifts & barter
3.14 Roots: An early history of money
3.15 Money is as money does: Money functions: tool, measure, store of value
3.16 Money paradox: Wealth and/or tool
3.17 What makes money, money?
3.18 Key Questions
3.19 Authentic and Trustworthy
3.20 Who creates new money?
3.21 How do people create money?
3.22 How is money destroyed?
3.23 How much money?
3.24 Money and bankers
3.25 A basic, 100% bank: Safe storage & transfer
3.26 A basic, 100% bank: Intermediary
Chapter 3 Endnotes
Chapter 4 – Money Systems
4.27 What system?
4.28 Commodity money
4.29 IOU present-value money: Receipt or representative money
4.30 IOU future-value money: Debt or credit money
4.31 Fiat money: Money by decree
4.32 Fractional reserve money creation
4.33 Making a deal with the devil: Grand bargain: a national central bank and privately created legal tender
4.34 Bank money creation: Anchored by reserves
4.35 Bank money creation: Anchored by bank’s capital
4.36 Bank money creation: No anchor
4.37 Sovereign > Commonwealth money
4.38 Complementary money
4.39 Experiments: Interesting times
Chapter 4 Endnotes
Chapter 5 – Our Current System
5.40 Our Current System: How did we get here?
5.41 The Constitution on Money
5.42 The US Federal Reserve System
5.43 The Fed’s own words...
5.44 The Fed’s goals
5.45 The duties of our central bank
5.46 WHO creates new money?: A privileged elite of private bankers
5.47 How is new money created?: Debt-credit creates the money supply
5.48 The Tokens: Cash and digital
5.49 How much money have the banks created?: Reported + 1/3
5.50 Money supply growth rate: Steady devaluation of our dollar
5.51 The golden goose: Government
5.52 Conflating monetary with economic
5.53 A Radical Departure
5.54 Sunshine is the best disinfectant
5.55 Pandora's Box: Pushing the boundaries: a new digital currency
Chapter 5 Endnotes
Chapter 6 – Consequences
6.57 Glory be to exponential growth
6.58 Increase debt
6.59 Keep population growing
6.60 Increase Spending: Shifting from good citizens to good consumers
6.61 Welcome black holes
6.62 Hard Times: By design
6.63 Cycling from boom to bust
6.64 Testosterone Fueled
6.65 Speculation reigns
6.66 Everything costs more
6.67 Loss of common wealth
6.68 A private wealth transfer system: From the 99% to the ONE percent
6.69 From common wealth to private wealth
6.70 Innovation is compromised
6.71 Plutocracy: rule by a wealthy few
6.72 NO ‘of, by and for the People’
6.73 No Free Market
6.74 Idolatry of Money
6.75 Moral Hazard
6.76 The End of this Road
Chapter 6 Endnotes
Chapter 7 – Backwards, Bandages and Bridges
7.77 Step backwards: Fewer laws
7.78 Step backwards: Return to the ‘gold standard’ or gold
7.79 Bandages: More laws
7.80 Bridge: public banking & money creation
Chapter 7 Endnotes
Chapter 8 – Modern Money
8.81 Commonwealth money: Shifting money from our ruler to our servant
8.82 How much new money?
8.83 Who gets it?
8.84 Nuts & Bolts: How will it work?
8.85 Personal perspective: What will it mean to you?
8.86 Global perspective: What will it mean to the world?
Chapter 8 Endnotes
Chapter 9 – Impact of New Money
9.88 Consequences: Sustainable life
9.89 Health and prosperity
9.90 Free, responsible & fair trade
9.91 Best decision making
9.92 In and out of business
Chapter 9 Endnotes
Chapter 10 – The Path Forward
10.93 A practical path forward
10.94 Fresh Start
10.95 New stories, because our stories matter
10.96 How can we make the best decision about how to give, spend, invest, or lend OUR money?
Chapter 10 Endnotes