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Restricting additions to the money supply to donations to the public purse.

  • 06-06-2010 1:21am
    #1
    Registered Users, Registered Users 2 Posts: 126 ✭✭


    BofEActLogo.png


    Legislation to alter how demand deposits enter circulation has been written for the UK.

    http://www.bankofenglandact.co.uk/act/intro-part-1

    "A Bill to

    Provide the Bank of England with the exclusive right to create and issue all currency; to protect fully the content of customer transaction accounts held with deposit taking institutions; and for connected purposes."

    The bill is based on the book in my signature. It looks like there will be a campaign to advance it which will include an internship for an economics student:

    http://www.call4reform.org/internship

    www.call4reform.org/internship/research-internship

    "Position 1: Research & Development of the Reform Proposal

    The Researcher will be responsible for developing the reform proposal outlined at BankOfEnglandAct.co.uk into an academically-robust proposal with all the evidence, statistics and financial models necessary to stand up to academic scrutiny. You’ll deliver a thorough, indisputable critique of the existing system and show that the current banking system does not provide a solid basis for the economy. In the process, you’ll become a true expert in post-reform banking (knowing even more than the original designers of the proposal). This will stand you in good stead for any post-graduate study, any career in banking and finance (especially research & analysis), or as a consultant to governments around the world once the reform starts to be adopted (yes, really!)."


Comments

  • Registered Users, Registered Users 2 Posts: 126 ✭✭Slippers 2


    Slippers 2 wrote: »
    The bill is based on the book in my signature.

    I've since changed my signature. The book is Creating New Money by Joseph Huber and James Robertson (here).


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