By Hazel Henderson*
JACKSONVILLE, Florida (IDN) – After a few drinks, most bankers, economists and investors will admit that money is not wealth. Like inches and centimetres, money is a metric, and it used for tracking real wealth: human ingenuity and technological productivity interacting with natural resources and biodiversity undergirding all human societies along with the daily free photons from our Sun.
So brainwashed are we by the false money meme of “money as wealth” that whenever anyone proposes needed infrastructure maintenance, better schools and healthcare or any public goods, we are intimidated by some defunct economist who says “Where’s the money coming from?” They ought to know better, since, of course money is not scarce, it is just information.