State money Archive

‘Full Money’ (Vollgeld in German) is similar to the 100% Money proposal, in that the direct link between money and credit is broken and the power to create new money is invested solely in the central bank. Assuming “the monetary system is unmistakably part of the common legal order” and not just “the operation […]

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

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 […]

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 […]

The politically independent Modernising Money Association (MoMo) and its board of prestigious advisors are committed to making the financial economy serve the real economy and the money system serve the needs of people. The association was founded in October 2011 and has the goal of stimulating a public discussion of the ‘100% money’ monetary reform […]

In 2012, a group of citizens interested in reform of the money system got together and founded the organization “Verein Monetative e.V.” in Berlin (Constitution). The organization demands a fundamental reform of the current monetary system. It sees the main problems as follows: the Central Bank only issues cash money whilst money for cashless transactions […]

Modern Money Theory claims to be the first empirically supported account of how the modern “fiat” money system works. According to MMT, non-cash commercial bank loans are promises to pay which, by their very nature, are not subject to money supply constraints. MMT’s view of how the credit mechanism works has since been confirmed […]

All contents on the topic: State money

Full Money, Positive Money and Monetative

100% Money and Chicago-Plan: Full Reserve Banking

Would money created by the state be a solution?

MoMo – Modernising Money Association (Switzerland)

Monetative

Modern Monetary Theory (MMT)

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