Report How money is created, and most of our politicans are clueless about it. in House prices and the economy Posted Friday at 07:34 AM On 13/10/2021 at 22:54, steve99 said: https://www.independent.co.uk/independentpremium/long-reads/history-of-money-pound-fury-book-b1929066.html?r=63980 '' the money in our society is created mainly by private organisations. The result of this is that private organisations with the capacity to create money determine how wealth is allocated across society. There is strong evidence to indicate that when allocating money these institutions favour investments that are non-productive, and invest in existing assets that do not add to GDP. The recent unprecedented inflation in the housing market and the astronomical growth of trading on the foreign exchange market and in fixed assets and securities amongst banks are testament to this.'' They really mean how debt is allocated across society. Even then that suggests they can push on a string to get people to borrow more. People teams to decide that by themselves. Only of the people approaching the bank can the bank decide who gets that debt. Wealth is equity, not debt.