The following is a re-post by the expert on Sovereign Money and a member of the Positive Money's Advisory Panel, Professor Joseph Huber. In this piece, Professor Huber responds to the Bundesbank's recent 'Remarks on a 100% reserve requirement for sight deposits'.
The inflation report from 11th May and newly released data provide further evidence that the UK economy is increasingly unbalanced. The Bank of England has warned that wages are stagnating, while everyday prices are rising, leading to a higher cost of living.
Something important is missing from the election debate: solutions to our unfair and unbalanced economy.