Positive Money are hiring: Chief Economist
19 January, 2017Positive Money are hiring! We are looking for Chief Economist committed to our vision for a fair, democratic, and sustainable money system. Positive Money aims to become globally-recognised thought-leaders on monetary policy and central banking and we want our research to have significant political impact. The Chief Economist will work with the Positive Money team [...]
Eight men own the same amount of wealth as world’s poorest 3.6 billion people
17 January, 2017The world's eight richest individuals have as much wealth as the 3.6 billion people who make up the poorest half of the world, according to the latest Oxfam report. The extreme levels of inequality we see today are not normal. Many factors contribute to the growing inequality, but one of the most significant is often [...]
There is no reason to surrender the creation of money to private banks (Guardian)
10 January, 2017At the moment, give or take a bit of quantitative easing, all money is conjured into existence by private banks, 85% of it as loans on existing residential property. It’s a recipe for unaffordable housing and unmanageable private debt, but it’s also undemocratic; writes Zoe Williams in the Guardian, 9th January 2017. Here's a short [...]
The digital currency revolution could eliminate commercial bank money altogether
6 January, 2017The emergence of blockchain has breathed new life into the ideas of economists Adam Smith, David Ricardo and Milton Freidman, and could potentially trigger a revolution in central banking, reads an article in the World Finance, 21st Dec 2016 The article mentions Positive Money: Of course, electronic money is nothing new– in fact, the majority [...]
Money talks – but where does it come from? (TEDx Video)
4 January, 2017Do you know how money is created and gets into the economy? A common answer to this question is no. However, understanding this process is vital to achieving stable prices, supporting economic growth, and reducing unemployment. By providing an insight into the money creation process in the modern economy and the spectrum of ideas on [...]
MPs are right to question Bank of England’s monetary policy (The Guardian)
3 January, 2017Wow! 2017 is kicking off with a bang - MPs are doing an inquiry into monetary policy! Happy New Year indeed! "A long, hard look at the way the Bank of England has conducted monetary policy since 2008 is long overdue so the announcement by the Treasury select committee that it is launching an inquiry [...]
I support Positive Money because…
29 December, 2016Why do you support Positive Money? Why do you think reforming money is important? Please write in a few words below in the comments section. Here's what some Positive Money supporters said: Please let us know why you support Positive Money or why you think the money system needs to change in the comments below. [...]
Sovereign Money: An Introduction
26 December, 2016We've published a new report: Sovereign Money: An Introduction This report presents a reform to the banking system that would remove the ability of banks to create money, in the form of bank deposits, when they make loans. It would transfer the ability to create new money exclusively to the state, creating what we have termed [...]
Positive Money campaign in 2016 – What a year!
21 December, 2016It’s been a truly fantastic year for Positive Money. More appearances in the media than ever before, high-profile politicians acknowledging the UK’s monetary policy is broken, hundreds of us meeting in our communities to spread the Positive Money message, and more top economists backing our proposals for a fairer, more democratic and sustainable money system. [...]