Economic Analysis, Theory

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Andras TothFrank, if you happy to hear any thought, why was deleted my comment?...

3 minutes ago

Marco SabaYou are confusing the accounting side of the loan process with the creation of the digital monetary medium (cash). IAS 7.6: "Cash is cash on hand and demand deposits". Cash creation must appear in the asset side of the bank cash flow account before being transferred to the customer account. And it i...

Yesterday

Rollo10Of course it doesn't appear in the cash flow, it doesn't exist, it's digital 1's & 0's on a PC. Then when it's paid back it's destroyed, no longer in the economy.If all these loans were placed on the books, we'd be obliged to ask to see the cash?...

Yesterday
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medialAxis"Our position on cryptocurrency is that blockchain technology is a very interesting research area, but Bitcoin has a variety of risks, limitations and design flaws that prevent it from addressing the core systemic problems with our monetary system."AIUI, the idea behind bitcoin was, at least in part...

3 weeks ago

Zack, Positive MoneyOur position on cryptocurrency is that blockchain technology is a very interesting research area, but Bitcoin has a variety of risks, limitations and design flaws that prevent it from addressing the core systemic problems with our monetary system. These include malicious mining strategies from withi...

3 weeks ago

Zack, Positive MoneyJust to clarify, Positive Money does not propose a cashless society. Physical cash should remain in circulation as long is there is a demand for it. What we propose is that ordinary people should also be able to hold cash in digital form in accounts at the Bank of England.Please see our Digital Cash...

3 weeks ago
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medialAxisHere's a firm (Abra) that uses bitcoin to enable the unbanked, and banked, transfer money across the world [1] (I'm posting the link in quotes in the hope it doesn't load the page linked to). It's not available in the UK yet. I guess they use tellers to enable the unbanked to access the service. I d...

last month

Vince RichardsonThanks for an interesting article.Confirms everything I have read in the last 5 years, my wife has worked for Barclays Corporate for the last 30 years and is nearing her retirement.She has seen the heyday of that kind of banking....

last month

medialAxisYes, bitcoin needs be easy to use for the general punter else it won't be used, but they don't need to understand how it works under the hood, just like they don't need to understand TCP/IP protocol on which the internet depends. They can send emails with cat pictures, even videos, attached with out...

last month
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Jim MI read the paper and am not much the wiser for it. There is a lot of talk about how modern banking works and a small section at the end on sovereign money but no real comparison to full reserve. Having read Andy's books and now this paper it would appear that both are very similar systems with the m...

last month

PJMJim, the Sovereign Money proposal outlined in this paper is not a "full reserve" system. Rather, it is a "no reserve" system. Here is the URL for a paper by Prof. Joseph Huber, who is perhaps the world's leading expert on Sovereign Money, explaining the difference:http://www.sovereignmoney.eu/s...Pr...

December 2016

Jim MAndy Anderson's books "currency" and "moving On" both go into this is good detail. They show how a full reserve currency in a state controlled bank could create full employment as it did in the past, before fractional banking and the tories took charge giving the banks free reign to print money....

December 2016
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