ABSTRACT
We shall start with the most typical and important of financial phenomena, money. It will be shown that the changeable role and meaning of money over time has had a strong impact upon the overall financial landscape, primarily by way of the weakening of the workings and interactions of various financial activities. This analysis makes evident both the difficulty but also the urgency of restoring the exogenous character of the money supply. We further focus upon the interest rate, underlining the nonessential role of this variable that, nevertheless, stands at the root of so many exasperating and destabilizing speculations. Finally, we face the problem of how to bring into being a financial market that does not strive for mastery over production but is rather content to work in the service of production. In this way, we face the problem of how we can foster simpler and more transparent financial markets that are able to reconcile efficiency with social justice.
