If we want to deal with the big social, economic and environmental challenges that we’re facing today, then reforming the monetary system is a good place to start. We’ve spent the last three years researching the problems caused by the current debt-based monetary system and developed in-depth proposals.
What We Need
This is what we think needs to change to fix our broken money system:
1. Banks should not be allowed to create money
2. Money should only be created through a democratic and transparent body working in the public interest.
3. Money should come into the real (non-financial) economy before it reaches financial markets and property bubbles
This will help the economy grow, creating jobs in the process, whereas much of the money that banks create today simply makes life more expensive and unstable for people.
4. Money should be created free of debt
Positive Money Founder, Ben Dyson, presenting at the 3rd annual Positive Money Conference “Modernising Money” on 26th January 2013 in London, explains the main principles behind the monetary reform proposals which offer one of the few hopes of escaping from our current dysfunctional monetary system. Watch now (33 mins)
In Plain English
A 30-page plain English explanation of how we can fix our money system, written for people with no background in economists or banking. It explains how we can prevent commercial banks from being able to create money, and move this power to create money into the hands of a transparent and accountable body, who would create money in line with the needs of the economy and grant it to government to be spent into the economy.
Why Our Monetary System is Broken, and How We Fix It. The product of three years of research and development, these proposals offer one of the few hopes of escaping from our current dysfunctional monetary system. It is detailed but accessible to non-economists.
The Positive Money System (Technical)
A more technical presentation of our reforms, for economists and those with some knowledge of money and banking. It explains how the reforms work from the perspective of a) bank customers, b) the banks themselves and c) the central bank.
This unofficial draft bill shows how our proposals could be implemented in law in the UK parliament.