Emotions have been a widely explored research topic during the last couple of decades. In the field of Design, it has been used as a tool to inspire designers to develop products or services that foster human flourishing. The Delft Institute of Positive Design (DIOPD), led by Pieter Desmet and Anna Pohlmeyer, is one of the most prolific research groups in this area. Along with them, I was able to start researching on the emotional impact of saving money.
There is a lot of confusion about the role interest plays in the current monetary system. It is often suggested that the fundamental problem is not the banking sector’s ability to create money, but the idea that “banks create the money to make the loans, but don’t create the money to pay the interest on those loans”.
Kickstarting 2017, nearly 3000 Positive Money supporters voted for what we should do together to make our money and banking system fairer this year. Thank you to everyone who shared their ideas.
The days of the credit crunch can seem to be well and truly behind us. 2016 was the second successive year when bank lending to the economy was in positive territory – that is the total loans issued were greater than repayments. In total bank (net) lending in 2016 was £79bn, up from £39bn in 2015.
Eight people now own more than half the world's population. This terrible statistic lurks behind many of the world’s worst troubles. How has it come to be?