The process by which banks create money is so simple that the mind is repelled. J.K. Galbraith
Ways of thinking
- The rugby scoreboard
- The monopoly banker
- Concert tickets
- Gaming
- Moral hazard
- Wealth extraction
- Framing
- Framing for activists
Money by analogy
While rugby scoreboards and the game of Monopoly are not money systems,
thinking about them as analogous to a true money system can be useful in clarifying
the myths around money.
If something seems daft when viewed from the perspective of a rugby match - like running out of points - one can then ask whether this is a limitation of the analogy, or whether there is a fundamental misunderstanding of the nature of money.
If something seems daft when viewed from the perspective of a rugby match - like running out of points - one can then ask whether this is a limitation of the analogy, or whether there is a fundamental misunderstanding of the nature of money.