Post by peterv on Jan 18, 2014 23:25:37 GMT
The Chicago Plan was a plan for full reserve banking, created in 1933. In 2012 the ideas were resurrected by two researchers working for the IMF who argued that it would lead to a more stable economy, eliminate the risk of bank runs, and drastically reduce both private and public debt.
(See en.wikipedia.org/wiki/The_Chicago_Plan_Revisited )
In November 2013, Michael Kumhof - co-author of the 2012 paper - gave a lecture at the London School of Economics. This is the link to a video of the lecture. www.youtube.com/watch?v=d6x8RqiAqno&feature=youtu.be
It gets a bit technical in places, but it's very encouraging to see the idea of monetary reform being discussed in a well-respected academic forum. After a 5 minute introduction, the lecture is 45 minutes long, and is followed by 40 minutes of questions/answers some of which echo questions we have raised in our meetings.
Michael Kumhof is deputy division chief of the Modelling Division at the IMF Research Department.
(See en.wikipedia.org/wiki/The_Chicago_Plan_Revisited )
In November 2013, Michael Kumhof - co-author of the 2012 paper - gave a lecture at the London School of Economics. This is the link to a video of the lecture. www.youtube.com/watch?v=d6x8RqiAqno&feature=youtu.be
It gets a bit technical in places, but it's very encouraging to see the idea of monetary reform being discussed in a well-respected academic forum. After a 5 minute introduction, the lecture is 45 minutes long, and is followed by 40 minutes of questions/answers some of which echo questions we have raised in our meetings.
Michael Kumhof is deputy division chief of the Modelling Division at the IMF Research Department.
