On Sunday the 10th of June, a referendum about the introduction of a new monetary system will be held in Switzerland.
This marks a historic chance, allowing citizens to vote on who is to issue the money they use: leaving it to commercial banks as practices today or restore this as the exclusive right of the central bank.

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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

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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 […]

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