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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%. - Margrit Kennedy
" "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%.
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About Margrit Kennedy
Margrit Kennedy (November 21, 1939, Chemnitz - December 28, 2013, Steyerberg) was a German architect, professor, environmentalist, author and an advocate of complementary currencies and an interest and inflation-free economy.
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Alternative Names:
Margrit I. Kennedy
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Additional quotes by Margrit Kennedy
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.
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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.
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