The Office of Budget Responsibility (OBR) - the government’s fiscal watchdog – has released a ‘Fiscal Risk Report’. Positive Money welcomes its in-depth analysis, but we are concerned with its central findings.
For years we’ve been saying it’s crucial our politicians understand where money comes from - that banks create almost all money in our economy, resulting in an oversized financial sector and property bubbles. Now we have a chance to see how effective the Positive Money campaign’s been by finding out what MPs know today.
Today, the Dutch NGO Ons Geld (“Our Money”), published a thought-provoking paper outlining how a digital cash scheme – a virtual euro – could fundamentally improve the money system in the Eurozone.