Slide 1

Evolution or Revolution? Democratising Money



Thursday, 16 January 2014




Leander Bindewald, New Economics Foundation
Dr David Bholat, Bank of England
Tony Greenham, New Economics Foundation
Andrew Hilton, CSFI
Dr Shann Turnbull, Sustainable Money Working Group
Michael Mainelli, Z/Yen Group


Z/Yen Group, 90 Basinghall Street, London EC2V 5AY Map

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The aim of the seminar is to consider details, support and processes for adapting mobile phone technology to create an alternative form of money so as to:

  1. Sustain funding for SMEs in the event of another financial crisis
  2. Stimulate the economy on a sustainable basis without inflation or cost to the government or taxpayers
  3. Establish a sustainable stable unit of value not subject to debasement or volatility created by governments, central bankers, speculators, terms of trade or alien market forces
  4. Allow local services of nature to define the value of money, prices and costs to make market forces dependent on sustainable environmental values
  5. Sustain low cost finance for business by introducing a usage (demurrage) cost for money hoarders
  6. Remove the incentive for holding wealth in the form of money rather than sustainable productive activities
  7. Reduce misallocation of resources, wealth inequality and so taxes and welfare by removing the ability of money to earn interest
  8. Reduce the percentage of GDP absorbed in financial services rather than providing universal sustainable prosperity
  9. Mitigate or remove market forces that favour burning carbon rather than use sustainable energy
  10. Issue and manage money through cooperative or mutually controlled financial institutions to enrich a sustainable democracy