by Hans Timmrman
In 2019, the initiative ‘Positive Money Europe’ was launched. It is a non-profit organization aimed at repairing the ‘broken’ financial system in Europe and making the economy fairer, more democratic, and more sustainable. In their view, the European Central Bank (ECB) does too little for the average citizen and thereby for our society as a whole. Their example was ‘Positive Money UK’, which similarly focused on the Bank of England with a successful campaign called ‘Quantitative Easing for the People’. In short, all the money printed by central banks, partly due to significant inflation, primarily benefits financial institutions and hardly benefits the population. They want to change that. The ECB should primarily serve EU citizens. In this pursuit, they see the Digital European currency (CBDC) as an innovative solution to this problem. Continue reading…