“As time goes on, those who think that they live in democracies will live at best, in oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks.”
“It takes some audacity for a non-economist to write a book about economics, especially if the book deals with one of the yardsticks of the profession, i.e., money.”
Margrit Kennedy
“Money does not only help the exchange of goods and services but can also hinder the exchange of goods and services by being kept in the hands of those who have more than they need. Thus it creates a p...”
Margrit Kennedy
“Instead of paying interest to those who have more money than they need and in order to keep money in circulation, people should pay a small fee if they keep the money out of circulation.”
Margrit Kennedy
“As soon as interest is abolished, inflation becomes unnecessary...”
Margrit Kennedy
“In the new money system we abolish interest and inflation, thereby reducing the prices of all goods and services as well as taxes by about 40%.”
Margrit Kennedy
