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Money Reform I

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Post: #11
RE: Money Reform I

Thanks for all the replies, everybody. Never imagine that it would go this far. Also, apologies for not replying sooner.

05.03.2016 17:51
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India I
Post: #12
RE: Money Reform I

I understand Money Reform I as a 100% reserve system (in the German version the reform is called Vollgeld which means 100% money), meaning banks cannot loan out deposits to create new "checkbook"-money but have to put deposits into vaults (in real life: store them with the central bank). If they want to loan out money they can use their own or borrow themselves (through savings accounts for example) thus the amount of money (M1) is unchanged.

Here is my question:
I have introduced Money reform I and I don't understand, why money supply still changes from quarter to quarter. It shouldn't. It should solely depend on my decision to increase it through the budget changes.

And here is my suggestion:
Central bank policy (money supply and interest rate) should - unlike budget decisions - be available every quarter.

11.08.2017 14:08
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