Monetary transmission mechanism , wealth and income

As  the chairman of financial asset price control, intials BB, has stated. When financial asset price are up, people will feel wealthier , better and will draw on their credit lines to buy the latest Iphone  to feel even better and share their thoughts on FB…. the bloomberg headline ” Top 1% Got 93% of […]

Alternative to the monetary system or “the fractional reserves lending banking system” or FRB

An eventual solution to the fractional reserve banking system ?