We feel compelled to share this information with as many people as possible, as we believe if more people understood how the money creation process worked, the more likely that we could affect a more positive economic direction.
The money creation process is a powerful tool that could be used to benefit the majority of Canadians, whereas now it mainly benefits the financial elites at the top. It could be used to increase funding for the transition from fossil fuels to renewable energy, infrastructure, education, heath, and other social services.
Money creation is one of the most misunderstood processes in economics, not only to the general public and politicians but to people in banking as well. In order to better understand economics and our financial system one must understand how the money creation process works and who benefits from it. One of our first goals is to have Macroeconomic textbooks in Canada corrected to reflect the reality of how money creation works in today's banking system.
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