Margrit Kennedy Quotes

The monetary system we have inherited is more than 2,000 years old.

The historic opportunity now is to present an interest free economy as a third type of solution which is to be found neither in communism nor in capitalism but transcends both.

Money does not only help the exchange of goods and services but can also hinder the exchange of goods and services by being kept in the hands of those who have more than they need. Thus it creates a private toll gate where those who have less than they need pay a fee to those who more money than they need.

Women overwhelmingly carry the load of the economic chaos and social misery caused by the present money system everywhere in the world.

The absurdity of monetary system which robs people first of their fair share in the "free market economy" and then - through some of the most inefficient procedures imaginable - returns some of this money in the form of welfare payments to the same people, has rarely been exposed by the "experts" nor been discussed in public.

Social justice, ecological survival and freedom are threatened where we allow the proliferation of societal structures which in themselves tend to work against these goals.

Instead of paying interest to those who have more money than they need and in order to keep money in circulation, people should pay a small fee if they keep the money out of circulation.

In the new money system we abolish interest and inflation, thereby reducing the prices of all goods and services as well as taxes by about 40%.

As time goes on, those who think that they live in democracies will live at best, in oligarchy or at worst under fascist regimes. In medieval times, people thought they were badly off when they paid tithes; a tenth of their income or produce to the feudal land lord. In this respect, they were better off than we are nowadays. Today more than one third of DM or dollar goes to service capital. Those who gain most are the super rich, multinationals, big insurance companies and banks.

Be aware that money is one of the central issues to many people's lives. Therefore, it is linked strongly with people's perception of themselves and the world. Generosity or greed, openness or isolation, warmth or coldness - how people behave in other areas will be reflected in their attitude towards money.

As soon as interest is abolished, inflation becomes unnecessary...

It takes some audacity for a non-economist to write a book about economics, especially if the book deals with one of the yardsticks of the profession, i.e., money.