In this episode of the EMS podcast, I challenge the traditional, narrow definition of "monetary" as used in mainstream (macro)economics. While conventional thinking focuses on money supply and central bank policy, I explain why the entire network of financial dependencies between citizens, companies, and governments also belongs to the monetary domain.
From inflation to cost pricing, from government policy to income inequality—everything has a monetary dimension that's often ignored. I show why this broader interpretation is essential for real systemic change, and how the Excellent Monetary System provides a structural solution.
In the coming episodes, I’ll also explore various reform ideas like full reserve banking, universal basic income, Modern Monetary Theory (MMT), SUMSY, and of course, a deeper dive into my own proposal: the Excellent Monetary System (EMS).