Positive Money has today released a report showing that stripping the banking sector of its ability to create money, a proposal endorsed by e.g. Martin Wolf, Chief Economics Commentator of FT, would not result in a shortage of credit.
Last year, on the eve of the Scottish referendum, the Positive Money team travelled to Ambleside in the Lake District. With anticipation (and some trepidation), we put the final touches to the the design of the weekend and waited for 22 participants of the first Positive Money retreat to arrive.
"No single measure is more likely to restore some sanity to finance than withdrawing from private banks their licence to print money", reads the excellent article by David Ransom in the New Internationalist magazine.