Slaying the Ouroboros: Why Modern Money Theory is a Game-Changer for Climate Change - Softcover

Inhaltsangabe

Beginning with the metaphor of the Ouroboros (the mythical snake eating its own tail) J.D. ALT updates his now classic “Diagrams & Dollars”—the first illustrated explanation of Modern Money Theory. Introducing a new diagrammatic approach, the reader is given a “tour” of how, and when, the U.S. Federal Reserve system creates fiat dollars—and this leads to a startling “discovery”: Because of the way money is created, it will be impossible for Private Enterprise, on its own, to generate the vast quantity of fiat dollars that will be required to mitigate and adapt to Climate Change. Only by understanding the false limits of the Ouroboros—and fully acknowledging the operations of modern fiat money—can we hope to undertake and “pay for” the crucial undertakings that global warming is going to demand.

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