Aug 24 2007
DADDY, WHERE DOES MONEY COME FROM?
Cyrano’s Journal Online and its semi-autonomous subsections (Thomas Paine’s Corner, The Greanville Journal, CJO Avenger, and VoxPop) would be delighted to periodically email you links to the most recent material and timeless classics available on our diverse and comprehensive site. If you would like to subscribe, type “CJO subscription” in the subject line and send your email to
by Carolyn Baker
8/24/07
Originally published at Speaking Truth to Power
“The U.S. government is on a ‘burning platform’ of unsustainable policies and practices.”
–David Walker, U.S. Comptroller General
Anyone who hasn’t watched “Money As Debt,” an animated DVD by Paul Grignon, should consider purchasing this extraordinary explanation of money’s origin in an economy totally dependent on debt. Almost everyone has seen footage of federal printing presses cranking out paper money, and some of us have even visited a government mint or two and have observed the process firsthand. But like so many other illusions with which the U.S. economy is replete, money is not created by government printing presses.
During the first few minutes of “Money As Debt” I began feeling my eyes glazing over in anticipation that I would soon begin viewing photo footage instead of animation. I then realized that I, like the masses of Americans who demand that every video experience provide them with entertainment, was unconsciously holding the same expectation. I then promptly hit the rewind button and started over, this time listening and watching attentively.