User:DortheaEdouard
Sign in / Join NowPlease note this article is very long by the standards of my blog: nearly 7,000 words. It deals with some of the arguments taking place in the run up to the referendum in Switzerland on whether private banks should be allowed to create or "print" money. Thus this article may be of interest to those interested in that particular topic, but will probably not be of interest to many others.Abstract The phrase "Sovereign Money" is now widely used to refer to a system where only the state (government and central bank) iPhone Cases can create or issue money, which is in contrast to the bank system in existence in 2018 where commercial banks issue most of the money in circulation.The arguments put by Philippe Bacchetta in a recent paper against Sovereign Money (sometimes known as full reserve banking or 100% reserve banking) are examined below.
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