SOVEREIGN ECONOMICS, BASICS OF MONEY CREATION AND MANAGEMENT a

Описание: The western world is financially currently in the most dangerous situation imaginable
That together will all the other problems, geopolitical, health, etc, we face means all our futures are in a parlous state
QE as the economic policy upon which monetary “management” is based compounds our problems immeasurably
Here I coolly set out some principles as to how money should be managed in a sane nation of the kind we wish to construct
In summary, these are the reforms we need
A. Restore the central bank to its role of oiling the works, neither taking nor implementing any policy decisions - so no QE of any kind
B. Repatriate the ownership of all government debt and sell no more government debt overseas
C. Create a limited amount of sovereign money in line with the economy’s natural economic growth
D. Prevent the private banks from loaning on housing, returning that function to building societies alone, allowing the banks to concentrate on their core function of lending to industry for investment