What's the core idea behind Positive Money? Why is it a problem that commercial banks create money? What would a positive money system look like?
Spurred by Milton Friedman, the concept of “helicopter money” – under which central banks would distribute money to citizens – is making headway in economic debate, but is often confused with the idea of basic income. This article intends to clarify the distinctions and overlaps between these two concepts.
What an exciting few weeks for the Positive Money campaign! Rounding off this morning with this full-page splash in the local newspaper of the Chair of the influential Treasury Select Committee of MPs. Here’s our crowd-funded advert in the Chichester Observer last week:
It’s hard to believe, but over the last few years, the government has let the Bank of England pump billions of pounds to the very richest, while inflicting cuts on the rest of us.