• Adriel Jost




Today’s monetary system, characterized by fractional-reserve-banking and currencies that are not backed by a physical
commodity, has obvious shortcomings. In fact, the economies are caught in a trap: To support short-term economic growth, central banks tend to set their target rates too low and governments tend to spend too much. As a consequence, unsustainable debt levels build up and lead to severe financial crises, which in turn provoke further stimulus. However, such stimulus increasingly loses its effectiveness, even in the short term.


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How to Cite

Jost, A. (2022). A NEW START FOR THE MONETARY SYSTEM: A THEOLOGICAL PERSPECTIVE. REVISTA PROCESOS DE MERCADO, 19(1), 367–392. https://doi.org/10.52195/pm.v19i1.784