2 Feb 2013

Andrew Jackson and Ben Dyson : Modernising Money

Andrew Jackson and Ben Dyson, two of the main people behind the excellent Positive Money group in the UK, have just published their new book called "Modernising Money : Why our monetary system is broken and how it can be fixed."

I've just ordered a copy from their website - Amazon is already out of stock. But you can download an overview of the book from here. 

It looks very promising, and I can't wait to get my copy because the arguments listed in the overview are all ones that I believe are totally convincing. I really hope that this book will force an open public debate.

On the 25th of October 2010, Mervyn King, governer of the Bank of England from 2003-2013 said "Of all the many ways of organising banking, the worst is the one we have today".

And Adair Turner, head of the UK's Financial Services Authority, said in 2012 "The financial crisis of 2007/08 occurered because we failed to constrain the private financil system's creation of private credit and money".

When two of the key figures in the system openly admit that the  current system is a unmitigated disaster, isn't it time that the public realized that we don't have to keep doing things this way?

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