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114. Building Tomorrow: Averting Environmental Crisis With a New Economic System / Paddy Le Flufy

In Conversation with Nathalie Nahai

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The Importance of Sovereign Money Systems

Banks are incentivized to make more loans that are safer and have a decent rate of interest. This means they're very definitely self-interested in sufferers wanting more money. So then taking that out, what the sovereign money system actually changes how money is created. The central bank can decide how much money is in the economy directly by making more money or destroying money for example. But most of the main way kind of thing is to give it to the government who can then spend it into the economy.

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