The Solution

    How Publicly-Created, Debt-Free Money Addresses the Islamic Concern about Interest

    The following was delivered by Alistair McConnachie on Wednesday 13 March 2013 at 7.30pm, at a seminar entitled “Ethical Finance – Understanding the Money System and its Consequences”, at the Boyd Orr Building, University Avenue, Glasgow University, G12 8QQ. The event was part of Islam Awareness Week 11-17 March. The speakers were Omar Shaikh, Islamic […]

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    4 Reasons Why we Can Trust the Bank of England to Create Money

    By Alistair McConnachie We are clear that the money-creation decision has to be separated from the money-spending decision. We cannot have politicians being able to create money and spend it, since they will use it to enhance their electoral prospects. Similarly we cannot trust the corporate banking sector to create money when it can abuse […]

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    How We Got into this Situation and What We Can Do to Get Out

    by Alistair McConnachie The following was delivered by Alistair McConnachie at the Thirteenth Annual Bromsgrove Conference on 3rd Oct 2009 and was published in the October 2009 issue of Prosperity. In this presentation I want to talk about three things: How did we get here? What are we doing about it? Where do we want […]

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    Money Reform is Not Inflationary

    By Alistair McConnachie Following the press coverage this year about “quantitative easing”, it is clear that the major obstacle against our Reform is fear that new money created by the State is always “inflationary”. Certainly, new money can be inflationary. This is so when it is spent on the wrong thing – that is, when […]

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    Money Reform Ideas Begin to Emerge

    Alistair McConnachie examines the extent to which “quantitative easing” is similar to our proposals and considers objections to the idea that a central bank or “the government” should create money. Slowly, the credit crunch is allowing Money Reform ideas to emerge into view, albeit in problematical contexts. For example, articles have started to appear in […]

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    Time to Put the Horse before the Cart Again: Time to put the Economy before the Banking System

    A version of the following was delivered by Alistair McConnachie to the Islam Awareness Week function at the Sir Charles Wilson Building, Glasgow University on Thursday 4 December 2008, and to the Global Vision 2000 Conference at Lancaster Gate, London on Saturday 13 December 2008, with the aid of a PowerPoint presentation. Let me begin […]

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    An Interview with Stephen Zarlenga

    The following was recorded on the morning and early afternoon of Friday 5th October 2007, travelling in the car of James and Dorothy Gibb Stuart, from Glasgow to the Bromsgrove 2007 Conference. It has been transcribed by Alistair McConnachie. PERSONAL BACKGROUND Stephen, you’re the Director of the American Monetary Institute and author of the most […]

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    Making the Case 2: Broadening Economic Management

    By Frank Taylor Arguments about debt will always be abstractions until and unless it can be demonstrated that debt and land price inflation hits Joe Soap hard and right in his pocket. In the April 2007 issue of Prosperity I argued that Monetary Reform should be breaking out of its small circle of the faithful […]

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    Making the Case 1: Why Debt is Bad

    By Frank Taylor Repetition is so often a prime symptom of stagnation. As a relative newcomer to Monetary Reform I find myself reading an endless succession of books and articles, along with reports of meetings and seminars, all saying more or less the same thing. It is natural for an idea which finds itself unable […]

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    Stopping the Debt Driver

    Why Reforming the Way our Money is Created Holds the Key to Halting Unsustainable Growth By Alistair McConnachie The following is a transcript of the lecture, with the above title, given by Alistair McConnachie in the Cultivate Centre, Essex Street West, Dublin on the 3rd October 2006, as part of FEASTA’s www.feasta.org “Understanding the Economics […]

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    What Systemic Debt Means to You and Your Family

    Putting debt-free money into circulation is the single basic reform capable of transforming the prospects of every person in this country, including yourself and your family. People need money to produce goods and to trade everyday essentials. If that money is not being supplied as a public service, they must use whatever alternatives are available. […]

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    Our Money Reform Brings Democracy and Freedom from Debt Slavery

    The following speech was delivered by Alistair McConnachie at the American Monetary Institute’s 2005 Monetary Reform Conference, at the Essex Inn, 800 South Michigan Avenue, Chicago, on Thursday 29th September 2005, at 6pm. It was published in the September 2005 issue of Prosperity. Thank you. I have been asked to speak about the Bank of […]

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    Policy Proposal: Fund the Interest on the National Debt

    By James Gibb Stuart A famous American company, in its methods-training, adopts the slogan that “There has to be a better way”, and believe me, once you have conditioned yourself to assume that this “better way” exists, it’s amazing how often it emerges. So let that be the answer to cynicism, or defeatism, or the […]

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    Money Reform: A Progressive Innovation

    By Alistair McConnachie Here is an original and innovative change in the monetary system which, if implemented, would provide significant additional financing for public investment in society, leading to social and economic benefit throughout Britain. To summarise: Our economies are divided into Private and Public Sectors. The private sector operates primarily on the basis of […]

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    Keynes Without Debt

    By Ron Morrison The challenge is to humanise the present style of capitalist system. We must recognise the social cost — not only in the obvious sense of the have-nots becoming poorer, but also the ever higher price being paid by the haves, in terms of their own lifestyles. To this end there exists a […]

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    A Briefing on Money Reform

    By Ron Morrison I’m often asked to condense Monetary Reform into an A4 sheet or a quick sound bite. Here’s my effort… Society has taken fifty years to mutate from what it can achieve to what it can afford to achieve. This is the debt virus killing our Public Services, and the catalyst for Third […]

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    Publicly-Created Money: The Democratic Imperative

    By Alistair McConnachie Prosperity was established to help publicise and clarify the Money Reform proposal. Our big issue is publicly-created debt-free money. Few people are aware that almost all the money we use comes into existence, not by governments creating it, but as a result of a bank making a loan at interest. Even the […]

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    A Summary of Seigniorage Reform

    James Robertson writes The following is from the Speaking Notes of James Robertson, co-author of Creating New Money, for his address at the Earth Emergency meeting, London School of Economics, 7 May 2003, entitled Monetary Reform, Economic Justice and Political Democracy. People all over the world have become increasingly aware that money is power, and […]

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    Creating New Money – Some Frequently Asked Questions

    James Robertson responds… In the introduction to Creating New Money, co-authored by Joseph Huber and James Robertson, (free download at www.jamesrobertson.com) the (then) Executive Director of the New Economics Foundation Ed Mayo, wrote, “We look forward to monetary reform moving to the centre stage of public and policy debate in the way that eco-taxes, stakeholding […]

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    Making a Case for Money Reform

    by James Gibb Stuart THE PROBLEM That the economies of even the most developed countries, have failed to maximise upon the great advantages of modern technology for the benefit of their peoples. THE SYMPTOMS (a) decaying social infrastructures; (b) an unsustainable exploitation of irreplaceable resources; (c) the rich getting richer and the poor getting poorer. […]

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    Establish a State Bank

    by Ron Morrison The Nation’s money comes from two primary sources, first the State which prints paper money and mints the coins (and also raises bonds) and second from the commercial banks which provide credit. Up until the early fifties the ratio of notes and coins to bank-created credit was roughly one to one. In […]

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    It’s the People’s Money

    By Alistair McConnachie Politicians need practical proposals which are understandable and do-able. Here is a proposal intended to bring the Money Reform issue into the political debate, draw policy-makers into the argument, and put Money Reform on the political agenda. Let’s work through it, step by step. THE PRINCIPLES … or “What do we believe?” […]

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    The Single Most Important Reform

    by Michael Rowbotham (excerpted from The Grip of Death, pp. 324-325) The interminable squabble between left and right on taxation and spending priorities does not represent the full range of choices. The real political option is embraced by the creation and supply of money by government. This completely opens up the economic options of extra […]

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    Mike Rowbotham Speaks at the House of Lords

    Summarised by Canon Peter Challen Canon Peter Challen summarises Mike Rowbotham’s presentation to the Forum for Stable Currencies at the House of Lords, 12 Dec. 2001. After describing his month’s visit to Australia and New Zealand as guest of Economic Reform Australia and the NZ Democratic Party, Mike Rowbotham gave an overview of his contribution […]

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    A Motion to Restore the Power of the Issue of Money to the Crown

    By Captain Henry Kerby MP On the 22nd December, 1964, Captain Henry Kerby, MP, placed the following Motion before the House of Commons. It was an “Early Day Motion” and so it was never debated and, consequently, does not appear in Hansard. It is, however, published in the Early Day Motion records and we have […]

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    Economic Democracy: Fair Shares for All

    By Peter Lambie The essential problem facing Money Reformers is one of communication: explaining the mechanism of the fractional reserve system of banking and convincing people that they are being robbed of the fruits of their labour by a simple scam. However, as I have discovered it can be infuriatingly difficult to explain without boring […]

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    The Prosperity Proposal

    By Alistair McConnachie The April 2000 issue of Prosperity explained that the financial system of all nations is “debt-based”, meaning that the process of going into debt is relied upon almost exclusively to create and supply money to their economies. Almost the entire money stock is supported in circulation by vast debts in four main […]

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    A Strategy for Victory

    by Kieron McFadden Let’s briefly take a look at the battlefield and the enemy from a new perspective. The world banking fraternity, operating through our banking system, has a mandate from the government to create the nations money supply and issue it as debt. Those loans are not pre-existing money but money created by them […]

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