On the first Monday of every month, we meet on Zoom to discuss transatlantic and global issues. The idea is that even though we are in different places geographically and personally, we exchange ideas, learn from each other, and grow more and more into a part of an understanding global society.

In October, we discussed the topic of money, as it stood out to us as one of four definitive prerequisites for state sovereignty. Among other things, we were interested in the questions of what money is, where money comes from, and why societies and states need money. As is often the case, we were only able to scratch the surface of the topic, but we still managed to examine a few myths and ideas and learn from this exploration.

The following texts have helped us:

Mythos Geldknappheit | (Maurice Höfgen)

How Money is created by the central bank and the banking system | (Thomas J Jordan)

The money creation process: A theoretical and empirical analysis for the United States | (Matteo Deleidi and Enrico Sergio Levrero)

The Forms and Functions of Money | (John Vaz, Alistair Milne and Kym Brown)

The State: Past, Present, Future | (Bob Jessop)