I must admit that I have suffered from climate argument fatigue recently and found the need to look for a new angle. So far, the most controversy I’ve managed to generate was in connection with a posting titled “Can commercial banks create money out of thin air?”
I don’t think they can, but after the discussion I can see better why many people think they do. Most of what we think of as money isn’t really money as most people would understand it. Its not money that is issued by governments. Its essentially an IOU generated by a bank.
If you fancy contributing your tuppence worth, see:
“http://petermartin2001.wordpress.com/2013/11/24/can-commercial-banks-create-money-out-of-thin-air/