All issues from the past are archived here. You may search past issues by date and by keyword.
Reminder : you need to enter your password when prompted by Acrobat to download your TSL issue.
If you forgot your password/username, please click here
2nd Quarter 3rd Quarter | 4th Quarter
So with this wish to debate I will devote the first few pages of this month?s letter to clarify the concept of government money creation as opposed to private money creation (our fractional reserve system).