Options for Banking Reform

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Simonit's worth quoting Michael Rowbotham's critic of Monetarism:" This method of controlling banks, inflation and the money supply, certainly works; it works in the way that a sledgehammer works at carving up a roast chicken. An economy dependant on borrowing to supply money, strapped to a financial sy...

August 2014
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Explaining monetary reform by using typical misunderstandings

quote huber

As sovereign-money reform has been gaining more attention, more economists from various schools of thought have felt called upon to comment on it. Apparently not all commentators are taking the time to get to know what it is all about, with the result that the circulated information often contains a number of typical misrepresentations, reads the new paper by Prof Joseph Huber entitled "Sovereign Money in Critical Context".

9 Benefits of Switching to a Sovereign Money system

benefits SM

The power to create money, in the hands of commercial banks, has been highlighted as one of the root causes of both the Great Depression of the 1930s and the financial crisis of 2007-2009. Lord (Adair) Turner, the former chairman of the UK’s Financial Services Authority, has argued that: “The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money” (2012).

Noel KiteTo problematize ????!!...

August 2014

Vince RichardsonThe only thing that I can think is that capital coming IN would be controlled as well as going OUT.That would give a government more control over the money supply,as we do have hot money coming into the UK from overseas..China,Russia,poorer EU states, and Sovereign oil based wealth funds,which all c...

July 2014

RicoS321I'm not sure why, having heard the contribution of Positive Money, Ann Pettifor continues to tout capital controls as a viable option. The inefficiency (and probable impossibility) of capital controls over removing the ability to create money is clear. Positive Money's solution is so simple, it'd be...

July 2014
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