Positivemoney.org.uk – a solution to the debt crisis?

I picked up a copy of Positive News that someone gave me on Thursday, and the front page was splashed with the headline: “Change money, change the world.” Some innovative young economists, led by Ben Dyson, see that the problems of the current debt crisis flow from the way money is created (in England) not only by the Bank of England but also in an uncontrolled way by banks every time they lend.

Eight percent of bank lending is productive, “whereas the remaining 92% goes on property and financial speculation.” For more info, see the article in Positive News, or go to the Positive Money web site.

If this is the answer, we need it!

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