Amber Rudd, who stood in for Theresa May on the BBC debate on 31st May had a new line of attack for Jeremy Corbyn, accusing him of believing in a ‘magic money tree.’ She told the audience, ‘there is no magic money tree’.
Our economy is unbalanced: money flows towards property and an oversized financial sector, sucking money in from the rest of the economy. Watch this 1 min video to find out what you can do to help tip the balance:
Neighbours are turning against each other, people are blaming migrants for the lack of secure jobs, and hate crime’s on the rise. Our politicians and banks have created a totally unbalanced and dysfunctional economy, and it’s breaking our society.
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'.