Through its peculiar “Securities Market Programme”, the European Central Bank generated billions of profits for creditor Member States such as France and Germany. Positive Money´s research shows that nearly €8 billion have been lost for […]
One month ago, the Swiss population rejected by referendum a proposal to introduce a sovereign money system. What can we learn from the campaign in Switzerland? Here are takeaways from the debate event we hosted […]
Although this analysis is limited to Britain, it is probably relevant for all nations. Following the Great Financial Crisis, capitalism simply reconstructed the same pre-crisis economic system. There was no intention to change anything – […]
At an international conference of financial supervisors, Bank of England Governor Mark Carney described the ‘transition in action’ underway as central banks and the financial sector at large begin to address climate change. Positive Money’s […]
We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows. Read here
In June 2018 Switzerland will hold a referendum on its national constitution. The proposal, known as the Vollgeld Initiative (VGI), would transform the Swiss money and banking system, putting an end to private banks’ ability […]
Neo-liberalism has been so successful, among other reasons, that most people do not understand economics. Austerity would never have been possible with well-informed citizens. Positive Money is trying to disseminate knowledge concerning money – something […]
Lies, damned lies, and statistics. Mark Carney, the Bank of England’s Governor misused data to claim that in Britain the “poorest have gained the most” from the Bank’s quantitative easing programme. The newest statistics prove […]
This cannot continue. Governments are obsessed with growth, but the world’s resources are limited. What are the alternatives? On 18th January 2018, Positive Money launched a new report which sets out why governments […]
Climate change is a major finacial risk. Central banks acknowledge that. Why are they not doing anything about it? By Rob Macquarie, who leads Positive Money’s research on climate policy and the monetary system. Cross-posted […]
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