LIC Labor Lyceum - Economics for Working People
Thu Nov 19 2015, 6:00 pm
ECONOMICS FOR WORKING PEOPLE, FALL 2015 AT THE LABOR LYCEUM
Please join Michael Merrill, Dean of the Harry Van Arsdale Jr. Center for Labor Studies at Empire State College for a series of discussions on charting a way forward to an economy in which everyone who wants to can have a job at a living wage
Thursday, November 19
MONEY AND BANKING: How to End the Bankers’ Money-Monopoly and Why We Should
Banks create money, but how do they do it?
Whose is it?
Where does it come from?
Is it even real money?
In this session we will explore how banks make money, and why their doing so can benefit us all and not just them.
But we will also look at why banks are not the only entities that can create money. Anyone can do so and almost everyone does.
If that is true, why do we rely almost exclusively on banks for monetary services, and, how we can help to ensure that the banking and financial sectors serve the public rather than gouge it.
This program is supported by public funds from the NYC Department of Cultural Affairs and the Queens Borough President’s Office, Melinda Katz Queens Borough President.