David Graeber es un antropólogo super interesante, Apareció en mi radar en la época del Occupy Wall Street. En 2014 escribió este artículo sobre un paper publicado por el Bank of England:
The truth is out: money is just an IOU, and the banks are rolling in it
In other words, everything we know is not just wrong – it’s backwards. When banks make loans, they create money. This is because money is really just an IOU.
Un IOU, que yo tampoco lo sabía, es un pagaré. Literalmente “I Owe You”.
En los comentarios alguien menciona este movimiento del positive money, que he visto pasar por ahí, pero no sé exactamente de qué se trata. Otra persona le responde que es lo mismo pero al revés. Onda, no cambia nada. Un tercero replica pide explicación y alternativa. La respuesta es más que interesante:
Sort of but that sounds like an even more extreme version of monetarism.
I suggest rather than focus on money supply we focus on discretionary income. By increasing or lowering the amount of discretionary income people have we control the temperature of the economy. If you only control supply it doesn’t stop some disappearing into a yet to be discovered non-productive sink hole.
This can be done by removing housing and property from the capital markets. Mean values are tied to mean salaries. If we want to the economy to heat up we lower mortgage interest rates, and the mean house and rent values. If we want the economy to cool we raise them.
It has the added bonus of giving everyone a reasonably priced roof over their heads too. If the economy really goes down the toilet we can still have a roof over our heads. It also ties part of the welfare budget to the tax revenue budget.
The only people who lose out are professional speculators and professional landlords. They can work for a living like the rest of us.