The New Economics Foundation (NEF) is a British ‘think tank’, which promotes economic and ecological justice. NEF has been the UK’s leading research organisation for money, credit and complementary currencies since 1986. www.neweconomics.org

read more

In 1935 during the worldwide Great Depression, economist Irving Fisher published a proposal for 100% Money, meaning one hundred per cent backing of bank deposits with central bank money (Fisher, 1935: for the history of Fisher’s proposal and his political strategy see Allen, 1993). This is also known as the Chicago Plan, because it was […]

read more

Most people think that money is created by the state or the central bank. But central banks only issue the cash we use, which is about 10% of the total money supply. Only a fraction of money has its origin in the state, namely notes and coins. By contrast, around 90% of the money supply […]

read more