22 Jan 2021

2021, Uncategorized
By Dr. Joseph Huber What is it all about? Monetary financing means funding of government expenditure by central-bank money, whether directly from central bank to government, or indirectly, in that the central bank purchases government bonds on the open market. In the after­math of the 2008/12 crisis it was especially Adair Turner, last chairman of the UK Financial Services Authorit...
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24 Oct 2019

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Alfred Nobel never created a prize for economists. He was seventy-three years in his grave when the Central Bank of Sweden got the idea that they could elevate the prestige of economists by awarding a Nobel Prize in Economic Sciences “in memory of Alfred Nobel”. Today, the Nobel Foundation admits that the prize is not a Nobel Prize, but it still gives it status equal to the real prizes. ...
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16 Oct 2019

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How do we change the rules for banking in favour of the people? Teach children how banks work. This was the last wish of Sue Hamill, the founder of Positive Money New Zealand. PM NZ is leading the charge in the case of The People vs. The Banks in New Zealand. Before Sue passed away, she put aside to develop a digital game that teaches young people how banks create money now, and how it ...
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17 Sep 2019

Uncategorized 2 Comments
The discussion on a sovereign money reform is gaining momentum and concrete answers to the questions on how to design a new monetary authority are increasingly demanded: What goals are being pursued? According to which principles and how should the monetary authority create money? How can the right balance between independence, transparency and accountability be found and abuse of power ...
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04 Sep 2019

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The euro gets competition. Starting next year, we can also pay in libra, the digital currency that Facebook recently announced. If we massively opt for online payment convenience, banks and national states might become servants upholding a money system run by a few billionaires. The libra builds on the current money system operated by banks. That system is based on debt and therefore ...
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