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2017 | OriginalPaper | Chapter

5. Dysfunctions of the Bankmoney Regime

Author : Joseph Huber

Published in: Sovereign Money

Publisher: Springer International Publishing

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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.

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Title: Dysfunctions of the Bankmoney Regime
Author: Joseph Huber
Publisher: Springer International Publishing
Book: Sovereign Money
Print ISBN: 978-3-319-42173-5

Electronic ISBN: 978-3-319-42174-2

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-42174-2_5