Tag: Sovereign Money
Posted in News
Blaming Banks or Government for Not Enforcing Their Side of the Bargain? (Swiss Referendum 3/3)
phillynews215 12/22/2023 15 Comments on Blaming Banks or Government for Not Enforcing Their Side of the Bargain? (Swiss Referendum 3/3)
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot be solved by trying to control the money supply while…
Posted in News
What Do Banks Do For The Real Economy? (Swiss Referendum Pt 2/3)
phillynews215 12/22/2023
Jo Michell explains the argument in favor of stripping banks of their ability to create money is based on a fundamental misconception of how the monetary and financial system operate and the economy would be…