The Cambridge Journal of Economics (probably the leading journal of Post-Keynesian economics) has published an entire special issue on …
Options for Banking Reform
Bank of England releases key paper on digital cash and blockchain
The Bank of England has just released its most significant paper yet. Macroeconomics of central bank issued digital currencies, by John …
Bank of England: UK banks to lose their status as ‘gatekeepers’ to the payment system
In a significant breakthrough, the Bank of England (BoE) has just announced it will be adopting a policy change that Positive Money has been …
US Federal Reserve ‘Might Legitimately Consider’ Public Money Creation
The Federal Reserve 'might legitimately consider’ using Public Money Creation in ‘extreme circumstances’, when there is ‘very weak growth’ …
Inflation and the Bank of England’s Catch 22
After a slow but steady increase since October, the UK rate of inflation fell to 0.3% in April from 0.5% in March, deviating from the …
New Report: Why State-Issued Money is Not Debt
Positive Money advocates a shift away from the current ‘debt-based’ monetary system, in which almost all money is created by commercial …
Mervyn King’s “Pawnbroker for All Seasons” Explained
Lord Mervyn King, who was Governor of the Bank of England from 2003-2013 and saw the financial crisis play out from the centre of the …
Mervyn King’s New Book: The End of Alchemy
Lord Mervyn King, who was Governor of the Bank of England from 2003-2013 has just released his new book, The End of Alchemy. The book is not …
Why the Bank of England should start issuing digital cash (NEW Report)
Unstable financial markets are making headlines once again. This time around politicians and regulators are being forced to admit they do …