The past hundred years have brought us unprecedented development, especially through ever-evolving technology. In consequence never in history have so many people have lived so well. Yet our society and humanity as a whole are…
According to new data from the Bank of England, consumer borrowing increased by its fastest rate for more than a decade in the run-up to the festive period, reaching levels not seen since the peak of the financial crisis. Consumer … Continue reading →
The truth about the traditional banking model: it is dead. Ok, to be temporally current, it is dying. Six reasons why: 1) Banks can’t price risk in lending – we know as much since the revelations of 2007-2008. If … Continue reading →
The emergence of blockchain has breathed new life into the ideas of economists Adam Smith, David Ricardo and Milton Freidman, and could potentially trigger a revolution in central banking, reads an article in the World Finance, 21st Dec 2016 … Continue reading →
"If we had a money system in which governments had a sovereign control over the money supply, then it would be perfectly legitimate for governments to invest in the things that we need in order to create a good society, a low-carbon society, which is sustainable, in which we have more equality. The money system is absolutely key to that vision." Prof Tim Jackson
"The digital currency revolution could go even further and eliminate commercial bank money altogether; leaving only paper cash and digital currency issued by the central bank. This could occur if there was a full shift in deposits from commercial banks to the central bank and electronic commercial bank money was no longer used to make payments."