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Geraldine Perry is a researcher, freelance writer and co-author of The Two Faces of Money. She holds a Master's Degree in Education with a concentration in library science and is also a Certified Natural Health Consultant. It was her vast accumulation of research in the areas of health, diet and agriculture that eventually led her to questions surrounding money creation.
SHARE Tuesday, February 15, 2011 Memo to Congress: Show Us the M-O-N-E-Y! (Part 2 of 3)
The financial crisis is still rattling Wall Street as calls for austerity grow. Meanwhile, federal, state and local governments are privatizing public infrastructure in order to fill budgetary shortfalls. Yet the CAFR reports reveal that all governmental entities can simultaneously have a budget shortfall AND a financial surplus which is often used to invest in the financial markets even as main street starves.
(1 comments) SHARE Tuesday, February 8, 2011 Memo to Congress: Show Us the M-O-N-E-Y! (Part 1 of 3)
Because state and local economies continue to show signs of serious stress, Fed Chair Ben Bernancke took the bold and controversial step to expand quantitative easing through QE2 and beyond if need be. With QE1 still sloshing around in reserve accounts of major Wall Street banks, the Fed Chair is seeking ways to get the money-as-credit spigot flowing on Main Street. Can it work, and is there perhaps a better way?