Over the last 12 months there has been a significant increase in international interest in sovereign money (the idea of transferring the power to create money from banks to the state, working in the public interest). For example:
Positive Money Edinburgh local group ran a stall for the 3 days of the Scottish National Party (SNP) Conference in mid-October.
Did you know that every UK citizen could have received £6834 if the money created by the Bank of England under QE programme had gone to people, instead of financial markets? Or if just £10bn were created and spent on the construction of affordable housing, it could boost GDP by up to £28bn?
On Thursday 3rd November 2016 Positive Money supporters gathered at the Bank of England and sent a clear message to the people who decide the UK’s monetary policy, as they made their way into their monthly meeting: