Money matters. Money is created, money is destroyed. Money is spent, money is earned. Money is borrowed, money is lent. Money is debt that creates income. Money divides us, money unites us. Money is a social, a political and a juridical relationship. We cannot escape it.   More information and registration on the website of […]

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When commercial banks issue loans to customers, they create money by issuing deposits on the current account of the customer. Proposals for adoption of alternative systems, where a central bank would issue new money, such as the Sovereign Money (SM) system, have gained momentum in recent years.
Commissioned by Iceland’s Prime Minister’s Office, KPMG has laid out the fundamentals of the SM system and conducted a review of public discussions, political coverage and field of academics over the last years.

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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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Modern Money Theory (MMT) essentially proposes an excessive and unlimited expansion of national debt in order to combat recession. Thus the economy can be re-stimulated at any time – in a Keynesian fashion – in order to avoid looming deflation and recession. In contrast to the attitude of liberal and conservative economists, promoters of this […]

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