For decades we've allowed the power to create money to be used to blow up property bubbles and financial markets. Now it's time to use that power in the public interest, reads The Ecologist, 22nd May 2014
In this episode of the Keiser Report, Max Keiser interviews Ben Dyson of Positive Money about what the economy and banking system would look like with positive money - in the second half, from 12:34 min:
Who should have the power to create money? In Modernising Money we argue that the power to create money should be removed from the banks and transferred to a democratic, transparent, and accountable body. Martin Wolf recently backed these proposals, but Ann Pettifor describes them as 'deeply flawed' and 'outlandish'.
Liberating ourselves from the private credit model of money creation is a necessary first step on the path to a more just, sustainable society, writes Moly Scott Cato, Professor of Green Economics at Roehampton University in an article entitled "Bankers' Bonuses: Time to Withdraw Banks' Licence to Print Money" in the Huffington Post, 30th April 2014 Here are few highlights: