You’ve Been Lied to About the History of Money w/ Richard Werner (WiM576)

The conversation explores the nature of money, its historical development, and the forces that obscure its true function. Richard Werner, former chief economist at Jardine Fleming Securities, argues that mainstream economics and central banks deliberately conceal the reality of money creation, which is largely driven by private banks issuing credit. He traces the evolution of money from Babylonian temples to Norman England's tally stick system, highlighting how governments once controlled money creation before private interests seized this power. Werner contends that central banks manipulate economies by directing credit towards unproductive assets, leading to asset bubbles and inequality, and advocates for decentralized banking systems and policies that promote productive business investment to foster sustainable growth.