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Blueprint for the Future: How Monetary Reform Can Change the World »

As a global society, we can have almost everything we can imagine. The ideas of scarcity, that ‘We can’t afford it’ or ‘It’s too expensive’, are hangovers from the last 100 years of economic thought. There are a few natural constraints that we need to pay attention to, of course, but it is time to forget the concepts of poverty and...

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The ‘People’s Bonus’: What Monetary Reform Means for You »

The media furor about banker's bonuses continues. However, monetary reform would effectively create a 'people's bonus' of around £5,000 for every adult in the UK, at no cost to anyone. How is this possible? Surely there's no such things as a 'free...
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Some Predictions for the Future: Complete Collapse of the System »

By 2029, fractional reserve banking will be no more. The banking system will have been either replaced (by a system based on the proposals on this site), or it will have completely imploded. The rescue efforts of the UK, US and European governments...
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Recommended: Steve Keen’s Debt Deflation »

Steve Keen is a university-based economist who is blessed with the power of independent thought! His 'Debt Deflation' website explains what is really going on in the economy, with full economic and statistical analysis. I highly recommend...
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Reform will Benefit the Pension Funds & Asset Management Firms »

Many people assume that reforming the banking system to prevent commercial banks creating money (through the fractional reserve banking system) will hurt the financial sector as a whole. After the recent crisis, it might be natural to Wall Street or...
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How Banks will be Affected by Reform »

Because 97% of the money supply has been created by commercial banks through the 'multiplier effect' of fractional reserve banking, the commercial banking sector is effectively charging interest on 97% of all the money supply in existence. The money...
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Clarification: The 100% Reserve Solution Doesn’t Require Banks to Hold 100% Cash »

Some proposals that follow the 100% reserve solution specify that banks hold one physical unit of currency for every unit of currency paid in by depositors. For example, if I paid £100 into my current/checking account, and therefore hadn't given...
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Progress in Congress: The American Monetary & Financial Security Act »

Lastest Update: 30th January 2010 In the next few months, legislation will be introduced into the US Congress proposing a reform to the banking system along the lines of that promoted on this site - in short, to prevent the private creation of...
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Objection: “It Will Lead To Corruption” »

Some critics of the reform argue that it creates a 'massive concentration of power' with the government, which will lead to corruption. The Logic of The Argument The logic behind this argument is the following: if you allow the government to...
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Objections: “The Reform Would Be Inflationary” »

The risk of inflation is one of the most common knee-jerk responses to the suggestion that government should take responsibility for issuing the nation's money supply. In reality, the risks of inflation would actually be less under the reformed...
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