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The Land of Utopia: how to reform the money-banking system?

Author
Mana Bond Limited
Published
Sat 19 Oct 2024
Episode Link
https://podcasters.spotify.com/pod/show/mana-bond-limited/episodes/The-Land-of-Utopia-how-to-reform-the-money-banking-system-e2psqtt

The podcast features a chat about an essay by Giacinto Auriti, a peasant jurist, who provides answers to five questions posed by Ezra Pound, the American poet, regarding the nature of money, credit, interest, usury and circulation. Auriti elaborates a new philosophical theory on the judgment of value "as a relationship between phases of time" that leads him to the discovery of the "induced value" of money. In short, Auriti argues that the value of money is not created by those who print it, but by the people who accept it as a means of payment. Bankers, on the other hand, appropriate monetary value, using it as an instrument of domination and imposing the "seigniorage of debt" on humanity. The solution proposed by Auriti is the popular ownership of money, which would return to the people the value that they themselves create. The book is available here: https://www.amazon.com/LAND-UTOPIA-questions-Economia-finanza-ebook/dp/B0CKXM3PGS

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