01 Feb 2019

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The Dutch Scientific Council for government policy (WRR) presented its report on the monetary system on the 17th of January 2019. The report is called “Money and Debt, the public role of banks”. The main objective of the report is to describe in depth the role that banks play in the current monetary system and how money is created. It has to advise the government on this system and to...
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22 Nov 2018

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Brussels - EU Commissioner Varoufakis has announced a citizens' dividend. For every European, € 25,000 is available for debt reduction. This follows the switch to the digital euro. Over 80% of all savings balances have now been converted. As of today, deposits are no longer freely available. The citizens’ dividend will be paid out in July and can be used to reduce bank loans. Those wh...
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03 Oct 2018

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By now more than 10 years have passed since the outbreak of the great financial crisis. Many alarming developments have taken place since and the global financial system is as dangerous as before and banking regulation has generally been terribly weak wherever you look. More than ever, we need a monetary system that serves society and money creation free of debt by a public institution. ...
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31 Aug 2018

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Ten years after the financial crisis of 2007 / 2008 and the invention of Bitcoin, economists not only discuss regulatory interventions but also focus on reforming money itself. Currently, the money system is under attack from various sides. Even for professionals, it is difficult to understand whether it is a war of opinions over the “best” money and monetary system, or a struggle for...
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26 Aug 2018

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By Paul Brinkkemper Have you ever tried to explain to someone how money is created as a loan by banks? Then you most likely came across misunderstanding, disbelief and apathy. If the movement for monetary reform is to gain influence among the general public, we have to educate many people. To be effective we must find persuasive ways around the common psychological defensive reactions...
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04 Jul 2018

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By Edgar Wortmann, Ons Geld. Since its inception in 2012, IMMR member ‘Ons Geld’ advocates the introduction of digital cash. What is that, and why is it important? Edgar Wortmann (Ons Geld counselor and IMMR core-group member) explains it. Historically, money represents a 'nominal’ and an 'intrinsic' value. A silver coin for instance, had the nominal value printed on it, and the in...
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28 Jun 2018

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By Edgar Wortmann, Ons Geld. Michael Kumhof has released a new paper. In it he outlines design principles for 'Central Bank Digital Currency' (CBDC). Again, Michael Kumhof makes an important contribution to money reform. His design principles are good for the central bank, but also for what we want: a just and stable money system. With these design principles that comes into view. ...
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20 Jun 2018

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Abstract There is a lot of discussion around how to handle inflation and how new money ought to be distributed, but there remains much disagreement around the best ways to approach these questions. The first part of this article clarifies what money and currencies basically are and how the value of a national currency is determined. The conclusion is summarized in the following sim...
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