Leading researchers on Sovereign Money meet in Netherlands to advance research
8 December, 2016Over the last 12 months there has been a significant increase in international interest in sovereign money (the idea of transferring the power to create money from banks to the state, working in the public interest). For example: Our work has been advocated by the Financial Times’ chief economics commentator, Martin Wolf, and cited by [...]
Quantitative Easing should fund infrastructure, says BlackRock (FT)
7 December, 2016The European Central Bank should retool its asset-purchase programme to fund a wave of new infrastructure spending across the continent, according to one of the world’s most powerful bond managers, reads Financial Times, 7th Dec 2016. We didn't expect to ever agree with BlackRock - but that's the world we live in now. Instead of creating billions [...]
What’s wrong with our financial system? Chief Economics Commentator of Financial Times explains. (Video)
7 December, 2016In just 4 minutes Martin Wolf, Chief Economics Commentator of the Financial Times, clearly states point by point what is the problem with our current financial system and how we can fix it: "We have a really perverse situation, where we supposedly have a market economy, but we don’t have market-driven finance, particularly in banking. [...]
Global population does not want commercial banks to stay responsible for creating most of the money
25 November, 2016More than 23,000 people in 20 countries were asked about who they think actually creates 95% of the money in circulation and who they think should create most of the money. These questions were part of the Glocalities survey of Motivaction International and the Sustainable Finance Lab that was held in December 2013 and January 2014. [...]
Was the Chancellor on the right track with the economy? (BBC Radio London)
24 November, 2016"There is no clear change in direction", comments Fran Boait, Executive Director of Positive Money, on the autumn statement in the BBC Radio London interview. Listen here (6 min)
Positive Money at IdeaSpace – across the river from the SNP Conference
17 November, 2016Positive Money Edinburgh local group ran a stall for the 3 days of the Scottish National Party (SNP) Conference in mid-October. The main event was held in the Scottish Exhibition and Conference Centre on the banks of the river Clyde in Glasgow. The cost of stalls at the conference proper was prohibitive and, along with about a [...]
Sweden’s central bank eyes digital currency
16 November, 2016The world’s oldest central bank is launching a project to examine what a central bank-backed digital currency would look like and what challenges it would pose! Here's a short extract from the Financial Times article, 15th November 2016: Sweden’s Riksbank is debating whether to become the first significant central bank to issue a digital currency as it [...]
To deal with climate change we need a new financial system (Guardian)
12 November, 2016Abolishing debt-based currency isn’t a new idea, but it could hold the secret to ending our economies’ environmentally damaging addiction to growth, reads an excellent article in the Guardian, 5th Nov 2016. * Here's a short extract: When it comes to global warming, we know that the real problem is not just fossil fuels – [...]
People across UK demand QE for people, not financial markets
8 November, 2016Did you know that every UK citizen could have received £6834 if the money created by the Bank of England under QE programme had gone to people, instead of financial markets? Or if just £10bn were created and spent on the construction of affordable housing, it could boost GDP by up to £28bn? However, instead [...]