MY PROPOSED PRESENTATION ON MONEY AT THE HISTORICAL MATERIALISM CONFERENCE IN NOVEMBER.

I am circulating my presentation in advance for comment or criticism so it can be refined. Please let me know of any concerns by emailing me at briangreen@theplanningmotive.com In this presentation I consider only stocks of money not flows of money for simplicity. In addition averages are chosen, because as Marx pointed out, more can be learnt from periods rather than annuals. I have added this key graph which dispels the view that banks create all the money or at least most of it. The source of the graph below is  FED Table H.8. Line 41 termed Residuals which is net credit given.  The proportion going to the private sector is arrived at by the ratio of Lines 2 &  9.  Once that is applied to Line 41 the resulting figure is compared to M2 to form the graph.