This blog is designed to promote ‘green growth’ as a way of fuelling the economy with not-interest bearing cash. This is an opportunity only for governments – not individuals or organisations.
But also governments consist ‘only’ of individuals…
Fuelling the economy means providing it with a supply of money.
The key players who determine the money supply are Central Banks who set the interest rates for CREDIT to be supplied into an economy. But who creates the INTEREST to pay off credit?
Governments are used to borrow money in the same way that citizens are used to pay taxes.
But in addition to taxing and borrowing, Governments have the monopoly of creating CASH. Its main characteristic is that it is not-interest bearing.
Since vast amounts of money are required to stop climate change, it is time to look into the Cash : Credit ratio in money supplies. Comparing the measures used to indicate economic growth with measures that quantify sustainability is an essential part of the project.
