How the BBC is misleading the public about the financial crisis [1]

Positive Money

Tue, 7th Aug 2012
by Michael Reiss (guest author) [2]

More than 99% of the general public think that money works as a system of tokens (real or electronic) that get passed from person to person as trade is carried out.

They assume that the total amount of it would remain constant were it not for occasional money printing by government. Money could indeed work this way had governments chosen such a system, but in reality it works completely differently. Bear this in mind as when you read the following.Here I present two tables, the first contains things the BBC say that are either false or misleading, and the second is a table of important things they don’t say but should.

To read the rest of this story, visit PositiveMoney.org.uk. [3]