Positive Money


Positive Money is a not-for-profit advocacy group based in London and Brussels. Positive Money's mission relates to the operation of national monetary systems.
Positive Money was founded by Ben Dyson in 2010. Its current Executive Director is geophysicist Fran Boait.

History and activities

Positive Money has rallied in front of the Bank of England.
Positive Money is a member of the International Movement for Monetary Reform, a Brussels-based NGO.
In 2015, Positive Money initiated a Eurozone-wide campaign on "Quantitative Easing for the People."

Proposals

Positive Money's historical backbone proposal is to introduce a "sovereign money system". Under such a reform private banks would be deprived from their ability to create money by extending credit into the economy. In turn, the Bank of England would regain the monopoly over money creation, by financing the government's budget or distributing a citizens' dividend.
Although Positive Money's proposal is similar to full-reserve banking or narrow banking, it differs in the sense that it would merge bank deposits and central bank money. As explained by former Positive Money researcher Frank van Lerven, "Under a Sovereign Money system, there is no longer a split circulation of money, just one integrated quantity of money circulating among banks and non-banks alike." According to former ECB Vice-President Vitor Constancio, Positive Money's proposal "would not create enough funding for investment and growth."
Over the years, Positive Money has broadened its agenda towards somewhat more short-term proposals such as: