Can central banks really control money creation?
Channel: Positive Money
Date: 2014-03-20

http://www.positivemoney.org/
Tony Greenham, Head of Finance and Business at New Economics Foundation talks on money creation and monetary policy at Monetary Policy Seminar, 13th Nov 2013

Key points:
1) Banks create money
2) This system has severe inherent problems
3) Monetary policy isn't effective in addressing any of these fundamental issues


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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org/