The banking system is designed to fail (Financial Times)
2 October, 2017Banking remains less safe than it could reasonably be. That is a deliberate decision, writes Martin Wolf, Chief Economics Commentator of Financial Times in his article entitled "Banking remains far too undercapitalised for comfort". He explains that money is currently being created as a byproduct of banks' lending activities and that this is inherently risky [...]
Central banks, climate change and the transition to a low-carbon economy
8 September, 2017Central banks have the power to tackle the urgent problem of climate change. It's time to hold them to account, write Josh Ryan-Collins and Frank van Lerven from the New Economics Foundation in their latest report: The 2015 Paris Agreement commits the world to limiting the global temperature rise to well below 2° Celsius. In this context, a [...]
Radical idea to transform the economy (Financial Times)
1 September, 2017Policies since the financial crash have been timid compared with historic examples, writes Martin Sandbu in his article published in the Financial Times on 29th Aug 2017, in which he offers "three radical ideas to transform the post-crisis economy". Here's a short extract: If private management of the money supply is a recipe for instability, [...]
How changing the way money is created could radically alter our economy and society? (Podcast)
31 August, 2017Listen to this interview with Fran Boait, Executive Director of Positive Money:
The Bryan Callen show: Interview with Ben Dyson (podcast)
4 June, 2014Banks, unlike private citizens, have the right to create almost as much money as they want out of thin air. This monopoly (which other parts of the financial industry don’t get) is why banks become too big to fail. In short, it’s the root of the instability in our economy…and that’s just the beginning of [...]
Rate rise will bring ‘major problems with debt repayments’ (Lord Turner)
3 June, 2014"I think it's clearly the case that UK has an economic model where every time we start growing, we tend to have a very significant house price inflation and a pile up of debt" , argues the former FSA chief Lord Adair Turner in today's BBC Radio 4 Today's program: LISTEN HERE (6 minutes) Lord [...]
Launch of the Sovereign Money Initiative in Switzerland
3 June, 2014Press Release: Launch of the Vollgeld Initiative, Media Center Bern, Switzerland, Tuesday, 03/06/2014 by Hans Ruedi Weber, president of the NGO Monetary Modernization ( MoMo ) Just over six years ago, at the height of the crisis in 2007 / 08, the booklet “Creating New Money” by Joseph Huber and James Robertson was translated into German. At that [...]
Money Workshop aftermath
2 June, 2014On Sunday 11th May, it was for us the moment of truth. We were running our money workshop which we have been working on in the past four months. We arrived in the room provided by the church, after few adjustments, hoovering and decorating with beautiful fabrics made by our dear Zina. We were ready. [...]
A chance for Sovereign Money in Switzerland
29 May, 2014Exciting News from Switzerland: An Initiative for a referendum on monetary reform is starting! “Vollgeld” Initiative In Switzerland anyone can bring about a national referendum on changes to the Constitution by collecting 100,000 signatures within an 18 month period. It's called a “people’s initiative”. Our sister organisation in Switzerland (MoMo) is launching “Vollgeld Initiative” on 7th June! ‘Vollgeld’ [...]