to maintain one's current state. When the purpose of saving is no longer to accumulate money, but to spend it on a status …-related product, the basic effect is reversed and those who feel powerless save more. Further, if money can no longer aid in … maintaining one's current state, because power is already secure or because power is maintained by accumulating an alternative …

money, because Triffin and successors assume a commodity theory of money, a loanable funds model for credit creation, and … - chartalist money, endogenous credit creation, and interlocked global balance sheets - enables us to see four factors behind the …, and the dollar's status as global quasi-state money. …

In Debt as Power, Di Muzio and Robbins present a historical account of the modern origins of capitalist debt by looking … at how commercial money is produced as debt in the late seventeenth and early eighteenth centuries. They expertly … demonstrate their key contention - that debt is a technology of power - and identify the ways in which the control, production …