SchwartzReport: Iceland to End Bank Money Creation?

03 Economy, 08 Wild Cards, 11 Society, Commerce, Commercial Intelligence, Economics/True Cost, Ethics, Government
Stephan A. Schwartz
Stephan A. Schwartz

I follow Iceland because like the Scandanavian countries it is one of the nations where the new wellness oriented policies are developing. This one is very dramatic and will change the world’s economy as it is more widely adopted. I don’t think it will happen in America because the banks have so many liegemen in the Congress, as Paul Krugman points out.

Iceland looks at ending boom and bust with radical money plan

Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank