Friday, 1 February 2013

Interviews of Prof. Richard Werner & Prof. Joseph Huber

Professor Richard Werner, at his interview with, argues that the bond market benefits the speculators.  The government could borrow from the private banks at a very low rate to stimulate growth.  In a fractional reserve banking system, private banks do create 97% of the money supply.  In Europe, only 2%-3% of the supply comes from the central bank.

Professor Joseph Huber says that the biggest of all bubbles is investment in government bonds.  To resolve the crisis it is most important to regain control of the money supply.  Prof. Huber states that in the run up to the current crisis in the Eurozone only 1/8 of the growth in the money supply went into real economic growth.

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