Monetary theory texts teach that governments create money and control monetary policy. Researchers at the Bank of … England, IMF and many others show that fractional reserve banking allows the private sector to create money. Most money … based debt is intimately connected to the process of money creation in the modern financial system. It should be obvious …

This paper argues that the development of money and the legal concept of property has been intertwined. That is, money … created in the image of money in the late Roman Republic, where the concept of dominium or rights in rem was first settled at … law and money became a predominant medium for social relations. The paper demonstrates that contemporary banking …