Banking on a Promise: The illusive story of money, debt and the banks that create it

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Frank Brun

Banking on a Promise

Name: Banking on a Promise
Price: 35.64 AUD
Availability: OutOfStock
ISBN: 9781923601079

The illusive story of money, debt and the banks that create it

Frank Brun

$41.95 $35.64

Paperback

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English

Vivid Publishing
06 February 2026

Central government policies; Monetary economics; Political economy

Summary
Details

What if the money in your bank account isn't created by government, but by commercial banks?

Money is no longer a public utility - it's a private promise.

In Banking on a Promise, Frank Michael Brun traces the hidden mechanics of modern finance: how private banks generate money ""out of nothing"" through accounting, and why this system sits at the heart of capitalism's recurring crises. From the Great Depression to the 2008 Global Financial Crisis, Brun explores how excessive credit creation and debt expansion drive economic instability, inequality, and political upheaval.

Drawing on the ideas of Henry Simons, Irving Fisher, and Frank Knight, he revisits the Chicago Plan of the 1930s and the modern Sovereign Money movement-two reform efforts separated by nearly a century yet united by a common goal: to reclaim money creation as a public, sovereign function.

Accessible, rigorous, and deeply relevant, Banking on a Promise challenges the reader to reconsider who really controls the lifeblood of the economy-and whether it's time to bring money back under democratic control.

By: Frank Brun
Imprint: Vivid Publishing
Dimensions: Height: 229mm, Width: 152mm, Spine: 15mm
Weight: 399g
ISBN: 9781923601079
ISBN 10: 1923601075
Pages: 220
Publication Date: 06 February 2026
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active