Economic

Iceland looks at ending boom and bust with radical money plan

“Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank.
The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled ‘A better monetary system for Iceland’.”

Source: Iceland looks at ending boom and bust with radical money plan – Telegraph

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