Taxpayers have no voice.
money
![Murray Dobbin](http://rabble.ca/sites/rabble/files/imagecache/thumbnail/category_pictures/murray dobbin.jpg "Murray Dobbin is a guest senior contributing editor for rabble.ca. Murray has been a journalist, broadcaster, author and social activist for 40 years. A board member and researcher with the Canadian Centre for Policy Alternatives, he has written five studies for the centre including examinations of charter schools, and "Ten Tax Myths." Murray has been a columnist for the Financial Post and Winnipeg Free Press and contributes guest editorials to the Globe and Mail, the Toronto Star and other Canadian dailies. He writes a regular "State of the Nation" column for the on-line journal theTyee.ca which is published simultaneously on rabble.ca.
Murray has written five books, including critical profiles of Preston Manning, Kim Campbell and Paul Martin. His "The Myth of the Good Corporate Citizen" has been described as a citizens' guide to globalization. He has also prepared radio documentaries for the CBC Radio's Ideas series on subjects including taxes, human rights and the right-wing regime in New
Zealand.
A long time social activist Murray has been involved in many movements from the anti-nuclear movement, to the fights against so-called free trade and public private partnerships. He is the founder of Word Warriors, a project which co-ordinates letter-writing to the editorial pages of newspapers across Canada. He is a Senior Advisor to the Rideau Institute on International Affairs.")
Challenging the private credit system: Who's bailing whom?
The time since 2008 has been a crucial historical moment for progressive economists to pull back the green curtain that surrounds the operation of the for-profit banking system, and expose that system for what it is: a government-protected, government-subsidized license to print money.
The problem is, as soon as you start saying things like that, people conclude you are some kind of wacked-out conspiracy theorist nut-bar. It sounds insane to claim that private banks have a license to create money out of thin air. As John Kenneth Galbraith put it, "The process by which banks create money is so simple that the mind is repelled."
