Positive Money

Positive Money is a UK based organisation that campaigns against fractional reserve banking.[1][2][3][4] It was founded by Ben Dyson in 2010. Its proposals are supported by the chief economist at the Financial Times, Martin Wolf.[5][6] The group's proposals were discussed in Parliament[7] and it was instrumental in organising the first debate in Parliament on money creation for 170 years.[8]

Its initiative in the Eurozone is called "quantitative easing for people."[9]

In August 2016, members of the pressure group gathered in front of the Bank of England to protest against quantitative easing.[10][11]

See also

References

  1. ↑ "U.K. Activist Group Emerges as Voice for Monetary Reform". The Wall Street Journal.
  2. ↑ Glaser, Eliane. "Nation-states aren't households: debating their economies as if they are is stupid". New Statesman.
  3. ↑ Hickel, Jason. "To deal with climate change we need a new financial system". The Guardian.
  4. ↑ Chrispin, Sebastian. "Reality Check: Could the Greens change how money works?". BBC.
  5. ↑ Wolf, Martin. "Strip private banks of their power to create money". Financial Times.
  6. ↑ Wolf, Martin. "Martin Wolf, Financial Times: Stop banks from creating money (Positive Money)".
  7. ↑ "Oral Answers to Questions". Hansard.
  8. ↑ Baker, Steve. "Understanding the Money Creation and Society Debate".
  9. ↑ http://www.latribune.fr/opinions/tribunes/la-bce-doit-reorienter-son-action-560457.html
  10. ↑ Hamilton, Scott. "Bank of England Told Bond-Buying Won’t Work by Protest Group". Bloomberg.com. Retrieved 2016-08-17.
  11. ↑ "Monetary policy has an enormous impact on politics. It's time for a radical rethink". Guardian, economics blog.
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