Huge chunks of money would suddenly drop out of circulation into thin air and the consequences would be catastrophic: cash machines and …
In the News
Is it time to rethink QE? (Share Radio)
Fran Boait, Executive Director of Positive Money and economics commentator Professor John Weeks discuss whether it's time to rethink the …
Time for a digital government mint (Financial Times)
Wrapping one’s head around the difference between official versus private money is a lot harder than understanding the distinction between …
Who creates money?
If you ask a person in the street ‘how is money created?’ they will probably look at you blankly. A couple might hazard a guess and say the …
Bank of England data shows that UK economy remains unbalanced
GDP might be growing, but new figures released this week show some cause for concern. Data about the state of the UK economy in …
‘Quantitative Easing for People’ could stimulate the economy without risking financial meltdown
“The main effect of QE is to blow up a stock market bubble, making the rich richer, but doing very little for everyone else”, reads the …
Switzerland will have a referendum on whether to stop private banks from creating money
The Swiss population will be the first in the world to vote on their banking and money system, thanks to the tireless efforts of our sister …
Vince Cable: rising debt and cheap money risk an economic storm
Former Business Secretary Vince Cable was famously one of the only senior parliamentarians to predict the last financial crisis. And he’s …
Breaking Taboos: David Graeber’s thoughts on the next crash
Setting out to break some of the deeply entrenched taboos pervading economics in Britain, David Graeber has written an excellent piece on …