- 07 Apr 2013 14:19
#14209593
Positive Money is a UK based charity which advocates democratising the monetary supply by preventing private banks from creating new money as loans.
Here are the key proposed reforms:
1. Remove the power of banks to create money
2. Return that power to a transparent and accountable process
3. Create money free of debt
4. Create money only when inflation is low and stable
5. Make sure that new money goes into the real economy instead of financial markets
6. Give us control and transparency over how our money is invested
Source: http://www.positivemoney.org/our-proposals/
Is this just discredited hogwash or are they on to something? Discuss!
Here are the key proposed reforms:
1. Remove the power of banks to create money
2. Return that power to a transparent and accountable process
3. Create money free of debt
4. Create money only when inflation is low and stable
5. Make sure that new money goes into the real economy instead of financial markets
6. Give us control and transparency over how our money is invested
Source: http://www.positivemoney.org/our-proposals/
Is this just discredited hogwash or are they on to something? Discuss!