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The Hierarchy of Money

187 points · 102 comments · gwgundersen

  1. dwd · · focus · HN ↗
    I would recommend reading Steve Keen's 'Roving Cavaliers of Credit' (2009) for how the monetary system works.

    <a href="https:&#x2F;&#x2F;www.researchgate.net&#x2F;publication&#x2F;242706930_The_Roving_Cavaliers_of_Credit" rel="nofollow">https:&#x2F;&#x2F;www.researchgate.net&#x2F;publication&#x2F;242706930_The_Rovin...

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