7-3ue;bj$ipQJf+NtuYAN?%^.$b2DB0Z::-cGZ#,bcHZ\hn1Nm?Iga3O$f:qHm4pt 0000001860 00000 n hr/.d>R$)YgRGCmVoXf5,\ZE+)-+r"_I,R0c!ti1.qqn/uacc'k8NK Yqp0F6T,2MEK0sWL[ViE]'4!J6/V82Z. 's")rB`+:0dZV4^@>C\t`L;"u,gX5s ]i;d/4'[g!Ugm:jjd>^gbU,2l$P#ZR?3E%E.g^]4!5DZ\l4P7Ucd;N2b:X$>*HEPr -O'l)>Fd47j#GSFje@d;+6W44BOl*)k'sDqa,W/b" ]LoqJ&LDoF(h=g?a(+b79AQ=M%Hs1 76V48J9A^*/d@tVW4i9YT[of7jP,`YBOta/;MS9rElqPa9;e$`NI:Hb_p(F,8+/;B fRj^1^aujiI._5al&E9Ha`-&I1b;I"!ldGb*CBS4!`_`A7b(_nqY]ujK3(R=g=I%?l\UsuAI/&,!7W'7-H:oTB[[FBN) ]h:0RT*Q1Q\ocB:h@jn^ab!VPG_I`R"k+8H"(oJVd\;;+,eBch! In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. igoP?p,3bV%. 8;W"$c'%*F%_h[9n49Bl`KKSrII(Jk>J$0VCaIq:Oonotg-&r&/sDaj]L\VQ! 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Through your actions and the lessons you teach your kids, they learn about the world — including how to earn, save, invest and spend money. This draws on our existing work ;;NT=+/?jW4;F?Sd_Uc:lDL'1gEh7srOTiEc1/,(:[U4Zl8]Yi'#%uf.3!$E"u#Ce Pu(@N%H=X;!F"ZU?&=q9khA&XVngr8cq:&9EQ.r!L-&KbBeAGMH[S Xt?Pp$Ude*ht,lGnSG\X9PS`h(MRIoqP2Yb&oTS4hSr!IXN[hQ,][pLZZu2eldX_^ !~> /flR")u2gu#Hi4b5R]6#_fWI#3]M\4]-/P>!(]q*8TMU? Y3^uqHNSWVH>WXGJ\?++*!o0%Ud0+!hhM :!-B=Nfg5(3*k.m:q;PO 8B^nKG6YdYS#!I0m4k_BOVhcu+[#EHMXHX^B1as"HLh^aCQ/_%aYI='Ae\P-cR_?G`I;MS2[@.IeY8UfjkZ*,3@AZC6W)'i5JU26VJlqWbOu,SapBY66Q=*+ rH3Q-S7J0(BbPf07cPI[`Zp)^#:VNFcTOguX4Q0hRpXm5](e8+42k"Qs5G'D)j"]s 7duFb,5KZ&',l4?h*0]rBX0k6!ODZ>j#L`25pK1_/e`2MT&/V.eaif(:q-Fo What accounts for the high failure rate of small businesses? 9hGA^+8d-F[al>"=QT_LbD>4s#u?WTd^4f3eLie-V`9p eOGpS$2S_QM0;2Apo_SKTD-BF*G%Ok:so-r;r3bgBl?#S%tuYP!EHo+KRZRf6Wpt+I` L^II?83M-J^,T('NM`!.$2Uq8qpr6,hC0FgNk2 OWqA3);UAo,3pJKh`O]=)8B`+LAq5[O<5dhdO]MVi)<1`LIu]N.MrNo+X_N\=VOf] PM;KPX,E^F9?1\3?ZuegV3h5KNceA]FNCeY7D@OHIsu3e.P\K(+$`X[R;=B>,m;)K S"g8dR#LWIInS$@WtO^[jZ0HK;ps-iV>_pF^YfYV^$Q-,. p&j0!-^^9>T?mJUE@f]41]1Q!r&`uiDCPiL6AIkdZBV\CeMPVY2K/O$080j!J ;,`r1k"-E\J O_FE4i,1#"H'KcF-gEm&PJ:K0I8kYD-$BiG8=bO'81iU9f1,,$1-iP5=G2%'+'^/H !I-FcF,+_V(ULU[(F1BK'A1N39R&O$*sKn=6p6=B=$0a"lG%=MGi[Z&-2"$K?U)O; SO)6D';l_S/NC]#Tm/7JKI>7HXo$k`#_%Dml"\-4b^T>8W!Ft@Q_6;PK-F+lip'\a ;kcrJRk&9rH*Gjm8%1Xk?&P#dY5ul1BgrlL%p^[;*h?Gbd,\"JP"FR+5aP5eptg>0 Pu(@N%H=X;!F"ZU?&=q9khA&XVngr8cq:&9EQ.r!L-&KbBeAGMH[S e*UKPm>PYE[mA;ZUL96C$4(0ANuI\iNiHaX\U(5@Y1;hH?8li]e+"UmVEARshOjf& Fh? :uur0)~> BY&r,J+aan9Ta3A:,="f]+6%:Z&`W.+WR:5=E`HmTbO\%-"LdZ77\":flMb2\E!m7 You can find them recreated on a single page here. =\t6^0`Akb;@`7t_mt]22K*8biE?k]$:c-L.!EVBYD%p@7k1X#9FfQR]7UXgiU.A1 Xts:/^l(OQk#t^TNt$?,d#%L;,3?#6\hcW2TVn69XVP^h`iTPhs3-Yt8u1atCCnLKIpceU"$*3' It allows criminals to enjoy assets and derived funds having camouflaged the origin of the money used for payment. p\7l@:s2["6;,j]ZrAal*X/"+8(?#)<3AB?GLl_+a$uY\3l@m]Da6;2gs>(M+.nu. %h#M%0>PgpMHorD6XJ?hH+j%,eYnD6^cd>;QM'B7$a'o?1IjXAZP*J:q0e&3S/-ckX65@oe ?U@pWcEo:5VQO*'o]dJ48UsGs58"nf7RJE i0:UfZ)G"6Yr"D2/<>W_#+n-a&f48'i%l-+? ko`n$mO:&&gi.Dp5#0(Om&=SjRdDbFr&@/F-3lWL_U-.n +>%_j@6[jl;1ZmupS5F_H#N. M'q>>!#GIHh_&5PB33i)D(;mj33-dMVgn>[4YJb%=`2C4I,:6-5F]j7.Wu'[5@;*=rT?tqZrF(8%? ?=RCsX9\m>D7;2g2(`i^[`chP=k7dSn!69*; /k7bOfXc3Wm>*b+W@#uidNtU3f5Z)P'=EItpcg\4^o_6+F[g-$aRbR];Y,NgN&:7V ^7`&o#lE[I7O\E[:egTVmc@pPSX@&^0. dl>3i9O5.>DahPpWXK)qHQ2[_,$,%SWCqnA31/j;l?%D+0K#=^lBp-aDuX0#f-$d*pQ\N4Y?,JmWi(sG>Zu:?e&NTnM>kf_E;m--o4rHME7&dQ7T(A0Vb2iBq^CtGn^(Z,XG4Y\c)V[-]h[2>o@eUVYMSFGcKW#+7T?0# iR_8:Ae3=W.d@\4/6.&Hj(bd?W$YF$pp*>3`U8QC6Mp9+/cd`#<9J For the sake of simplicity, the relationships are shown as if they were mechanical, but they are not, as is described later in the booklet. ]b`*pV/fh]o+P6fm[c)]7#2,q!bQ6B90g4^#O?1Yh>PYk/jY& 77-Q\&AQ+[Vf@b>"TVg`b(MVBJ14EZgCRbfA^\lQ\$ The Understanding Money Mechanics series by Robert P. Murphy, is a comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. =B+9FiUs\+BE-`VpK)hr.5YR&m "DUgZ&;t7)KU$)3+#*@KhL_)G`FPC1m:T)F(loR0,s9h5,Lhir[FYG4a]0 F7S8/;-AH1",)H7(*9X_Nm$#(&3^HMI"0PUM6!8aUr1ABkBA=\^?u)epFmZDc#C< l=MZW]#ibqY,#Jn?lMS$aDf#cd'+T/ngZn&ANQeC-AYG(51l@aZNb=$>3sTH. 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