Gould explains how money works to Brash
Interesting series of articles in The Herald, where Bryan Gould schools Don Brash on how money works.
money
Real Monetary Reform
The most important thing that needs to be learned is that money is nothing. Or, to be more precise, money is a tool that can be used to distribute the resources available to a society. In and of itself it has no value nor does it have a physical representation. Specifically, money is not a medium of exchange but a symbol of exchange and because of this the cost of money, usually presented as interest, should be zero.
Contactless cards: capitalism thrives, customers lose
Contactless (“wave and go”) features are becoming a compulsory feature for credit and debit cards. Hi-tech equipment can pilfer from such cards as people pass by. Plus other problems. But, they ensure banks and merchants make more money.
Money and happiness
How do we improve a society’s happiness most effectively? By lifting the poor out of poverty. By increasing wealth where we get more happiness bang for our income buck, and reducing the disparity between rich and poor. So why are we currently moving in the opposite direction?