Session 4: Saturday, June 2nd: 4:00 - 5:50pm
Panel/Workshop Presentation Documents:
abstract and opening introduction to Jakab & Kumhof, Banks are not intermediaries of loanable funds -- and why this matters
Description/Abstract of your Event:
Henry George is very clear on his preference that money be the responsibility of government, but since the days of Hamilton and despite President Jackson's efforts, private interests remain powerful forces in the control of money in the U.S. What would a money system designed to serve public interests look like? What is sovereign money? What role might local currencies and mutual credit exchange systems play? How should cryptocurrencies mesh with national currencies, or should they not?