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Sanjay MittalI support full reserve banking, however Positiva Pengar are not strictly correct to claim it’s necessary to convert to full reserve in order to bring stimulus via spending Sovereign money into the economy. Several countries (certainly the UK and US) have actually been doing that over the last thre...

2 weeks ago
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World Economics Association on Sovereign Money

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The World Economics Association (WEA) has published in its June 2014 newsletter following article by Mark Joób, PhD, Professor at the West Hungarian University, Faculty of Economics and Researcher at the Institute for Business Ethics, University of St. Gallen, Switzerland and member of the managing committee of the Swiss Association for Monetary Modernization (MoMo):

Harry WhiteHarry WhiteThe reform proposal for money creation in this article by Mark Joob is clearly that proposed by Positive Money in the UK. However, it reminds or alerts PM campaigners that the Banksters would have little compunction in SABOTAGING a new system, as proposed by Positive money, if enacted by ...

2 weeks ago

SimonVery good synopsis...

2 weeks ago
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Positive Money at Glastonbury

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“Well, who else is going to do it, if it’s not the banks?”, asks the man, in response to a suggestion that the power to create money might not be an appropriate function of a private, profit-making corporation. Well, a public, democratically-accountable institution might be a good place to start, I suggest. “But that’s what the Bank of England’s for isn’t it? Where the money’s printed.”

dannyboyGood stuff! It sounds like Adair is pretty much on board with the sovereign money thing. He also says it like it is when it comes to discussing the tight coupling with overall levels of debt and money in the economy.Discussing this stuff is really starting to move off the taboo list and I think Po...

last month

DozyHoleSame view as Peter Schiff. The recovery is on shaky grounds, but people will plod along and when the next crisis hits it will be a big surprise and "no one will have seen it coming". We are in a cycle and the people that matter are happy with the situation, to the detriment of everyone else....

last month
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