Positive Money was founded because no one was talking about how banks create money, and the role this played in the 2008 financial crisis.
We quickly built a following of ordinary people, economists and city insiders who recognised that you can’t understand many of the problems with our economy without looking at how money is created.
When we started in 2010, money reform wasn’t widely talked about. Since then, we’ve come out of the fringes and into mainstream debate. In 2014, the Bank of England published a paper confirming what we’d been saying about how new money enters the economy.
Now our movement numbers 50,000 supporters, with a network of 35 local groups spanning the country, and we’ve built relationships with world-leading economists, politicians and journalists.
We recognise that reforming our money system is a global effort. So in 2013, we established the International Movement for Monetary Reform, and in 2016, we launched our QE for People campaign in the Eurozone.
We’ve done a huge amount, but there’s a long way to go. Join our movement to make money and banking support a fair and sustainable economy.
Highlights
We got money creation debated for the first time in parliament in 2014.
Following our campaign, the Bank of England acted to boost competition in payments services.
We delivered a 10,000-strong petition to the new Chancellor in November 2016, calling for monetary policy to serve the public interest.
Our joint letter calling for QE to be replaced – has been covered in national newspapers, and several TV and radio stations.
In the last year alone, Positive Money local groups have held over 200 events around the UK.
Our campaign was called “admirable and important” by the FT’s chief economics commentator Martin Wolf.