Together with the Pufendorf Gesellschaft and director Maren Poitras, we are presenting the German premiere of her award-winning documentary “Finding the Money“! “Finding the Money” follows economist Stephanie Kelton in her efforts to establish a new understanding of money in the USA. With the help of Modern Monetary Theory (MMT), she turns many an economic […]

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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 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 […]

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