After the Green Party of England and Wales has passed a Monetary and Banking Reform Motion at their conference in September 2013, now they have published an updated monetary policy document on their website.
As we have informed few days ago, a group of economics students at The University of Manchester have started a campaign to overhaul the content of the economics syllabus and the way it is taught. Now an Early Day Motion about it was tabled in UK Parliament:
The Secretary of State for Wales urged to open the debate on money reform and to support “QE for jobs”
Report by Harry White, Positive Money local group Cardiff:
It seems like the Spending Review that was announced yesterday by George Osborne has been widely criticized. It looks like playing the same game of cutting spending isn't fooling anybody about the prospects of getting the economy moving again.
This document presents a plan for monetary reform, based on a proposal initially put forward by Frederick Soddy in the 1920s, and then subsequently by Irving Fisher and Henry Simons in the aftermath of the Great Depression. Variations of these ideas have since been proposed by Milton Friedman (1960), James Tobin (1987), John Kay (2009) and Laurence Kotlikoff (2010). Most recently, a working paper by economists at the International Monetary Fund modelled Irving Fisher’s original proposal and found “strong support” for all of its claimed benefits (Benes & Kumhof, 2012).