Independent Commission on Banking

Home » Blog » Independent Commiss…

Full Reserve Banking Is No Bailout

A recent blog by Frances Coppola describes full-reserve banking as ‘the largest bank bailout in history’. In the interests of mutual understanding and accuracy, the following clarification and response addresses a few points that are unclear. We accept culpability for potential confusion here - the submission to the Independent Commission on Banking, which Frances links to, is around 2 years old now, and we’ve advanced our thinking on the proposals since then. A lot of this latest work hasn’t been released yet, but will be in the forthcoming book Modernising Money.

ContinueWorkingThe Chicago Plan has the Government in control of the quantity of money in the economy. With the return to morality from a 100% Reserve system of Banking, why do you insist on the government control the quantity of money? 100% Reserve Banking is only half way to civilization again....

September 2012
latest comments - view discussion

steve jones>  if it walks like a duck, and makes a noise like a duck..Maybe it's a goose?...

June 2012

steve jonesMira Tekelova, the banks cannot createmoney and Mark Hoban is correct. How so?All the pounds were created in thefirst place by the BoE. No-one else created any other pounds,therefore banks cannot create money. They can, however, create theillusion of money. This is how it is done.A depositor take...

June 2012

JosephannettOh how i'd love to. sadly... i wouldnt know of any such institution round these parts. and at moment if it wasnt for my bank lending me some funny money i'd be snookered. ...

June 2012
latest comments - view discussion

Rory ShortThemoney problems are of our own making. Money is just a record of thevalue accorded to real goods and/or services by members of societyand as such the concept belongs to no one because it belongs toeveryone. Historically however we have allowed the State, or selfselected groups within the State, t...

May 2012

AlistairI'm not inclined to be too hard on Mervyn. He says as muchas he can within the parameters he has to operate within, if he is to be takenseriously and to survive. Liam Halligan made some good comments about him last weekendin The Sunday Telegraph, 6-5-12. http://www.telegraph.co.uk/fin... For exam...

May 2012

Merlin HouseAsked by an activist from Occupy the London Stock Exchange whether the £325bn of quantitative easing could not have been more usefully directed towards building social housing, Mervyn King replied: The way you describe it makes it very clear that this is a political judgement. Yes, it would indee...

May 2012
latest comments - view discussion

No Announcement posts

back to top