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Vince RichardsonI support this idea 100%.I have been advocating myself for a while now,nice to see it laid out on PM blog.Two important factors affecting lack of house builds I have come across is due to local councils reluctance to allow new builds due to ;1.A powerful NIMBY lobby who object to houses being built ...

1 weeks ago
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jamesmurraylawFran,Do you agree with me that the biggest problem of PM is not the number who get to know about it.The biggest problem is the huge number of people who investigate the tenets of PM, believe there it is all too easy, ask themselves why if it is so simple, why have countries not taken up Sovereign Mo...

6 days ago
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What are Economists Saying About Iceland’s Sovereign Money Proposal?

Screenshot 2015-04-10 07.59.49

A study recently commissioned by the Icelandic prime minister, Sigmundur Gunnlaugsson, and written by Frosti Sigurjonsson, displays an accurate analysis of how banks create money and endorses Sovereign Money proposals. But what are people saying about the report? Of course there are criticisms of the report and some of the usual misunderstandings, but most people think it's a proposal that merits serious consideration:

Frank van LervenJohn, I can see there are fundamental disagreements about the way the economy works, and since this debate (for instance about the true cuase of inflation) has been had a thousands times already elsewhere, I don't want to repeat it here....

1 weeks ago

Donald BealThank you for referencing qb14q102.pdf. I had drawn my conclusions from qb14q1.pdf which is less detailed.You are right. It says that the commercial banks are allowed to create money to purchase bonds as well as create money to make loans.I was right to say that reserves are not part of broad mone...

2 weeks ago

Jim75The example in my previous post was with the Commercial Bank acting as intermediary for the Pension Fund and not with the Bank buying the Gilt from the Pension Fund and then reselling it to the BOE. However the Commercial Bank could have bought the Pension customers Gilt by simply crediting the Pens...

2 weeks ago
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