If you are interested in how money works and why a teacher (or police officer) costs a lot less than their salary then have a look at this.
And here’s a diagram that may help visualise the spend and tax circuit that we discuss.
The government spend and tax circuit
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Nice to see Charles explaining some economics. There is more detail in some of his other posts. These two in are very relevant. There is a bit of plug for the Green party but it is one we strongly support at Progressive Pulse and believe it is not too intrusive
http://www.progressivepulse.org/economics/how-are-we-going-to-pay-for-it/
http://www.progressivepulse.org/economics/what-is-the-deficit/
Normally the emphasis is on the money payment to the bearer. It really helps to get over the idea of what money is by focusing instead on the promise and highlight that as the most important word on your fiver.
Thanks. Yes, it’s odd isn’t it, we see money everyday but hardly ever stop to consider the words on every banknote. I used to think
all money is debt
but now I think I prefer
all money is a promise.