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List Of Monetary Reformers
This is a list of monetary reformers from the past to the present according to several schools of thought. Monetary reformers primarily belong to the following groups: *Supporters of publicly issued money who oppose charging interest on issuance of money, formerly called "Greenbackers" in late 19th century United States, *the Austrian School who generally support a return to the gold standard or full-reserve banking, and *the Post-Keynesian economics, Post-Keynesian School who generally wish to regulate or reduce leverage and debt in the economy or direct it to "productive, non-speculative" uses. Most of these groups are critical of fractional-reserve banking, a practice which is described by critics as "creating money out of thin air". According to the Bank of England "rather than banks lending out deposits that are placed with them, the act of lending creates deposits – the reverse of the sequence typically described in textbooks". Public, community and self-issuance of m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Reform
Monetary reform is any movement or theory that proposes a system of supplying money and financing the economy that is different from the current system. Monetary reformers may advocate any of the following, among other proposals: * A return to the gold standard (or silver standard or bimetallism). * Abolition of central bank support of the banking system during periods of crisis and/or the enforcement of full reserve banking for the privately owned banking system to remove the possibility of bank runs, possibly combined with sovereign money issued and controlled by the government or a central bank under the direction of the government. There is an associated debate within Austrian School whether free banking or full reserve banking should be advocated but regardless Austrian School economists such as Murray Rothbard support ending central bank bail outs (" ending the Fed"). * The issuance of interest-free credit by a government-controlled and fully owned central bank. Such i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |