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Dysfunctions of the Bankmoney Regime

In: Sovereign Money

Author

Listed:
  • Joseph Huber

    (Martin-Luther-University)

Abstract

This chapter deals with the dysfunctions inherent in the split-circuit fractional reserve system, such as proneness to inflation or asset inflation and crises due to the GDP-disproportionate growth of the money supply and the levels of financial assets and debt, non-safety of bankmoney, and disproportionate financial income at the expense of earned income. Further topics include the question of lawfulness of bankmoney and the constitutional dimension of the monetary system.

Suggested Citation

  • Joseph Huber, 2017. "Dysfunctions of the Bankmoney Regime," Springer Books, in: Sovereign Money, chapter 5, pages 101-142, Springer.
  • Handle: RePEc:spr:sprchp:978-3-319-42174-2_5
    DOI: 10.1007/978-3-319-42174-2_5
    as

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