Funding the Future 12 questions about money
Dec 7, 2025
Delve into the intriguing world of modern money and how government spending actually creates currency. Discover the political battles surrounding money control and why taxation follows spending. Learn about the choices governments make regarding funding: war versus hospitals. Unpack misconceptions about inflation, which stems more from corporate power than money creation. Also, hear a compelling argument for public investment as key to climate action and why citizens should steer narratives on affordability.
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How Modern Money Actually Works
- Modern money describes how government spending creates new money and taxation removes it to control inflation.
- Richard Murphy argues central bankers and bond dealers already acknowledge this reality.
Challenge Politicians On Money's Nature
- Ask politicians directly: 'What do you think money is?' to expose misconceptions about scarcity.
- Use this question to force clarity on whether they accept state money-creation power.
Two-Stage Money Creation
- Money is created in two stages: state spending and bank lending under state licence.
- Private banks cannot create money without central bank/government permission dating back to 1844 in the UK.