Posts tagged 'Endogenous Money'

On the elimination of privately issued money

As Martin Wolf has eloquently argued this week, yes, there is a clear-cut and urgent need for state e-money issuance.

But the case for expanding the central bank balance-sheet to the population — something which can easily be done via the issuance of sovereign e-money — does not in our opinion necessarily demand the elimination of private money issuance along with it. More than likely both forms of money can co-exist quite healthily. Read more

Martin Wolf on funny money creation

With his latest column on the nature of money and credit in the modern monetary system, the FT’s Martin Wolf delves deeper into the murky depths of the “what is money” debate.

Anyone who has speculated about the significance and effects of quantitative easing in the last five years should probably have a read. Read more