Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.
Today we have a four article section focused on banks and especially the "big four".
- Time for a rethink on monetary policy (Oliver Hartwich, Business Spectator)
- Modern Money Theory and New Currency Theory (Joseph Huber, Real-World Economics Review, No. 66, January 2014) At the core of this excellent lengthy paper is a call for the separation of public banking and private banking, with public banking responsible for the creation of money and private banking the user. This is similar to discussion in two recent GEI Opinion articles, here and here. Huber represents NCT (New Currency Theory) as a bridge for and and an extension of the MMT and Austrian economics schools.
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