The Cambridge Journal of Economics (probably the leading journal of Post-Keynesian economics) has published an entire special issue on "Cranks and brave heretics: Rethinking money and banking after the Great Financial Crisis", inviting a range of academics to comment on proposals to stop banks creating money (amongst other ideas for monetary reform).
With Theresa May suddenly catapulted into the UK Prime Minister's seat after Brexit and the dramatic political events that followed, exciting new opportunities have opened up for our campaign for a fair, democratic, and sustainable money system.
The Bank of England has just released its most significant paper yet. Macroeconomics of central bank issued digital currencies, by John Barrdear and Michael Kumhof, discusses the consequences of the central bank making a digital form of cash available to the general public, so that they are no longer forced to use bank deposits to make electronic payments:
The Bank of England says evidence is emerging that risks it identified related to Brexit are beginning to crystallise. One of the risks the Bank identified is high levels of household debt.
With Theresa May suddenly catapulted into Number 10, the world of finance is trying to calculate what the new government means for the management of the UK economy.