What is Money?

"you as an individual can run out of money but society can never run out of money and if the government has gone into debt it is because somebody has accumulated money; it's always in balance"

With regards to interest - Central Banks receive interest on the loans they make, and they also pay interest every day to the holders of money, so this balances out societally and does not take the monetary system out of balance.


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Spoken by Gary Stevenson
GARYSECONOMICS


Uploaded by Simran Mohan
MOHAN MEDIA


TIMESTAMPS
00:00 - Introduction to Money
01:00 - Does Money include Debt
04:00 - Money Creation
06:49 - The Total Amount of Money
10:34 - Our Concept of Money
13:24 - Governments & Money
15:59 - 2 Competing Concepts
18:00 - Inequality in Credit/Debt
21:50 - Money is NOT resources