Transforming Our Economy

About This Collection

Inspired by the Capital Institute's Third Millennium Economy initiative, this collection highlights those voices - ecological economists, sociologist, finance professionals, environmentalists, community developers - advocating a restructuring of our economy to transition to a truly sustainable economic system.

Curated by mokiethecat

Radical structural changes to the financial & banking systems by Adair Turner

Lord Adair Turner, Former Chairman of the UK Financial Services Authority and Senior Fellow at the Institute for New Economic Thinking, gives a noteworthy presentation on "Money and Debt: Radical Solutions to the Challenge of Deleveraging."

"One of the most fundamental insight is that banks simultaneously create new credit and new money ex nihilo."

And that is one of the most fundamental, important things for people to be taught, which economics undergraduates should be taught about the nature of how monetary economy with banks works." Published on May 5, 2013

From April 17th, 2013 conference in Philadelphia Fed called "Fix the Banking System for Good."

EarthSayer Adair Turner

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