Since 2017, Positive Money Europe has been vocally criticizing the way in which the ECB’s corporate quantitative easing programme (CSPP) benefits mainly massive multinational corporations, and in particular those contributing most to climate change.
Because Positive Money are so selective in both their characterisation of the springs of capitalist accumulation and in their analysis of the impact of economic activity on the ecosystem, they end up proposing a scheme that at best will have little positive impact and could actually make matters worse.
Between Debt and the Devil discusses the long history of proposals to remove the power to create money from banks.
So what type of monetary framework the Greeks should adopt if they were to part ways with the Eurozone?
Since the Bank of England published a paper earlier this year confirming that banks create money when they issue loans many more voices have joined the money creation debate.
The first day of March is not only St David’s Day, but it’s also the day in 1946 when the Bank of England was nationalised. It was appropriate therefore, that Positive Money should convene its fourth Conference on Saturday 1st March 2014 at the Conway Hall, London.
In Extraenvironmentalist #75 we discuss our global systems of money and finance with Ben Dyson of Positive Money UK and Brett Scott author of The Heretic’s Guide to Global Finance: Hacking the Future of Money.
Local currencies for local economies. Since the launch of the Bristol Pound there can be no doubt that it’s been a tremendous success in raising awareness of shopping local, supporting independent retailers and strengthening connections between local businesses and people in Bristol. But what about the national economy? In any realistic vision of the future there will always be a practical need for a national currency. What that currency might look like is a question monetary reform campaign group Positive Money have been thinking about since they launched their campaign in 2010.