Parliament discusses the creation of money

Magician Show, Le Saltimbanque Der Taschenspieler, The Mountebank Peint Par Louis Knaus Grave Par Paul Girardet

Magician Show, Le Saltimbanque Der Taschenspieler, The Mountebank Peint Par Louis Knaus Grave Par Paul Girardet

Today the British Parliament discussed the creation of money. The debate was led by Peter Baker, MP for Wycombe for the Conservatives and Michael Meacher, MP for Oldham for the Labour Party. 

It was exciting that at last this issue is being raised at a political level. Much credit for this must go to the Positive Money campaign. However, we at PRIME have grave reservations about the proposals promoted by MPs for the centralised creation of the nation's money supply. 

We will write more about these reservations in due course. Watch this space.