Study Stack

AFJM Coffee House

Topic: Three Slideshows
With the Policy Position Team

In an attempt to increase our social media presence, the Policy Position Team presented three short slideshows on which they welcomed feedback. The subjects were a) introduction to monetary reform, b) social justice and monetary reform, and c) the relationship between taxation and monetary reform.

The recording of this coffee house is forthcoming.

1) "How is Money Created?" by Karly Enger.

Karly shared an Instagram slideshow they based on the section "How is Money Created Today" from AFJMs website. This was the first of a series of slideshows that will cover content on AFJMs website. The hope is to increase our social media presence through these easy-to-share slideshows. Once we have completed a series AFJM will need your help to spread the word!

2) "On Social Justice" by Mark Young

Mark presented an overview of the concept of social justice and its connection to monetary reform.

3) "Taxation" by Paul Lebow

Paul addressed taxes and their relationship with monetary reform. He presented different tax scenarios in a Just Money system. He wanted it to be clear that proponents of Sovereign Monetarey Reform should be cognizant of the magnitude of the role taxes play in government spending as well as the inflationary impacts of attempting to replace portions of taxation with Just Money.


Upcoming event: IMMR Conference: March 21 & 22. Details coming in February AFJM Newsletter.

Upcoming event: Free punk rock concert for the NEED Act at the NY Fed on this coming Tax Day April 15th. Details coming in February AFJM Newsletter.

Wiki entry: Predistribution 

Wiki entry: Velocity of Money 

Wiki entry: Free Banking 

Wiki entry: Dennis Kucinich 

Book: Zarlenga, Stephen. 2002. The Lost Science of Money. The Mythology of Money – the Story of Power. Valatie, NY: American Monetary Institute.

Book: Pash, Mark. 2017. Creating a 21st Century Win-Win Economy: The Problems and the Solutions. San Bernardino, CA: Self-published.

Article (with comment by Frans Verhagen as appendix): Jim Tankersley and Michael D. Shear. 2021. "Biden Seeks to Define His Presidency by an Early Emphasis on Equity". New York Times, 23 Jan 2021.

Some Notable Spanish Sources:

Jesus Suaste Cherizola et al: Democratizar el Dinero: Una Introducción a la Reforma del Dinero Soberano 

Jesus Suaste Cherizola: Presentation at 2020 AMI conference 

Jonathan McMillan: El Fin de la Banca: El dinero, el Crédito y la Revolución Digital 

Tim Di Muzio & Richard Robbins: Capitalismo de Deuda: Una lectura crítica de la crisis mundial del endeudamiento 

Miguel Ordoñez: Adios a los Bancos. Una Visión Distinta del Dinero y la Banca 

Tim Di Muzio: "Capitalismo Covid-19, Deuda Neoliberal y la Necesidad del Dinero Soberano"

David Graeber: En Deuda: Una Historia Alternativa de la Economía 


Alexander Del Mar

Wiki entry: Alexander Del Mar 


Del Mar, Alexander. 1880. The History of Money in Ancient Countries from the Earliest Times to the Present. London: George Bell and Sons.

Del Mar, Alexander. 1885. The Science of Money. London. George Bell and Sons, York Street, Covent Garden. Reprint by Cheswick Press.

Del Mar, Alexander. 1969 (1867). History of Money and Civilization. New York: Burt Franklin.

Del Mar, Alexander. 1983 (1899). Barbara Villiers: or A History of Monetary Crimes. Hawthorne, CA: Omni Publications.

Del Mar, Alexander. 1997 (1899). The History of Money in America from the Earliest Times to the Establishment of the Constitution. Palmdale, CA: Omni Publications.

Papers on Del Mar:

Aschheim, Joseph & Tavlas, George S. 1985. “Alexander Del Mar, Irving Fisher, and Monetary Economics”. Canadian Journal of Economics, 18: 294 – 313.

Aschheim, Joseph & Tavlas, George S. 1987. “Del Mar, Alexander”. In: Eatwell, J., Milgate, M., Newman, P. (Eds.), The New Palgrave: A Dictionary of Economic Theory and Doctrine, vol. 1. London: Macmillan.

Aschheim, Joseph & Tavlas, George S. 2004. “Academic Exclusion: The Case of Alexander Del Mar". European Journal of Political Economy, 20/1: 31-60.


AFJM Coffee House, Monday, February 22
At 8 pm ET / 7 pm CT via Zoom
With Dr. Frans Verhagen


Appendix: Verhagen responds to NYT:

Comment: International monetary justice is also to the part of the equity emphasis when the Biden Administration is preparing “to take sweeping steps” in additional equity applications.

The unjust, unsustainable, and therefore, unstable international monetary system is a remnant of the Bretton Woods institutions that were created to the advantage of the victors in WW II, particularly the U.S. Now one nation’s currency fluctuations make all currencies unstable, especially large fluctuations.

The Biden Administration should combine its emphasis of the changing climate with its emphasis on equity by seriously studying the feasibility of basing the present unjust international monetary system on the decarbonization monetary standard of a specific tonnage of CO2e per person as was proposed in Verhagen 2012 "The Tierra Solution: Resolving the Climate Crisis through Monetary Transformation".

The Administration could start this planning of transforming the global monetary system by having the US Fed adopt the third monetary mandate of decarbonization/optimal solarization besides the present dual mandate of price stability and maximum employment. A participatory procedure for a national conversation about these two monetary changes and similar ones in the financial, and fiscal subsystems of the world economy is presented in the Global 24 Initiative which is being written up in “Ample Money: What, why not, how and whither?”, the sequel to the above 2012 book.

A burst of executive orders on Day 1 to declare that “advancing equity, civil rights, racial justice and equal opportunity is the responsibility of the whole of our government.”



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