• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Go to Positive Money Europe

Positive Money

Making money and banking work for society

  • About us
    • Our vision
    • Who we are
    • History & highlights
    • Contact us
    • There are currently no vacancies available
    • In the media
    • Funding & Annual Reports
  • What we do
    • Educate & empower
    • Research and Policy
    • Campaign & local groups
    • Influence decision makers
    • In the media
    • International Movement
    • Events
  • Resources
    • Videos
    • Publications
    • Local group resources
    • Lobby your MP
    • Organise an Event
    • Policy resources
    • Shop
  • Press
  • Blog
  • Donate
  • Positive Money Europe

Exciting News for Money Reform Movement from Sweden

by Positive Money

Sweden got a new government this week, and a new minister: “Minister for Strategy, Future and Nordic Cooperation” for which Kristina Persson was appointed on 3rd October 2014.

Kristina_PerssonShe was deputy governor of the central bank 2001-2007 and after that has worked with the think tank Global Utmaning, who have invited Adair Turner and Michael Kumhof on several occasions to talk about excessive credit creation by banks.

Here is a commentary she wrote in May, quote:

“We must start asking fundamental questions like ”should the banks be allowed to continue creating money?” Martin Wolf in the FT did this some weeks ago, and he answered “No, they shouldn’t!”

 

Another positive news:

220px-Carl_SchlyterCarl Schlyter, an ex Member of European Parliament and a member of the Swedish Green Party, has recently written a paper on monetary reform where he mentions Positive Money as well as our Swedish sister organisation Positiva Pengar.

It’s entitled “A sustainable financial system – about the roles of government and the banking sector when it comes to money and debt” and the page 17 is about Positive Money. Here’s the original in Swedish and here’s a short extract:

“Right now, 96-97 percent of all money is not central bank money but the big bank’s own money that they have created and are creating even more, and that we are all guaranteeing with tax money and government subsidies. This, the biggest “copyright infringement” in history, is rarely talked about.”

“The name Positive Money means that money that is created by the state or a central bank is not based on debt. The movement says that the current financial system has led to too high private debt, escalating house prices, increased inequality, high unemployment and banks being subsidised by tax payer money. All these problems have one common denominator: money. But even the solution can be found in money – if we allow the state to create debt-free money, it will have a positive effect on the economy and on society as a whole. The Swedish sister organisation Positiva Pengar puts it this way: “money should function as a positive driving force in society”.

 

 

Financial Crisis, Global Situation

Positive Money

Primary Sidebar

Get our latest campaign updates

Recent Posts

  • Quantitative easing “turbocharges” inequality: our evidence to the House of Lords
  • Surprise for Sunak: 60,000 demand climate action on frontpage of his local paper
  • QE or not to QE? Soaring inequality shows it’s time for a new macroeconomic approach
  • Update from Chair of the Board on Interim Leadership
  • Why GameStop reveals the flaws of big finance

Footer

Follow us on social media

  • Facebook
  • Instagram
  • Twitter
  • YouTube

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.


Privacy Policy, Terms & Conditions


Positive Money is a company limited by guarantee registered in England and Wales. Registered number 07253015.
Registered office: 307 Davina House, 137-149 Goswell Road, London EC1V 7ET.


Positive Money Europe