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Introduction: A Coercitive and Intransparent Financial System

  • Christian Felber
Chapter

Abstract

This chapter describes how the monetary system evolved over time and did not follow a master plan. The result is an incoherent, nonsensical complex monetary and financial system which causes wide-ranging collateral damage in society. Although money plays a crucial role in our everyday life today, there is little scientific clarification of the monetary system, with some economists even recommending not to pay too much attention to the phenomenon money. The result is a dense “fog” around money and a high lack of clarity about its various functions. As a consequence of its senseless design and lack of interest in the understanding of its functioning, the current money system is consequently unstable, inefficient, morally corrupting and a threat to democracy and liberty. It is a power structure. Part of its dysfunctionality is that it contributes to the corruption of the political system to a large extent so that re-regulation is not or hardly possible within the current form of democracy.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Christian Felber
    • 1
  1. 1.Economics and BusinessVienna UniversityViennaAustria

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