It's time to talk about, and talk up, monetary reform – to ensure that the public good that is our money system once again serves the interests of wider society, not just those of private wealth. So says groundbreaking political economist Ann Pettifor, whose new book 'Just Money' demystifies the nature of money and the finance system, showing how and why it needs to be reconstructed.
The arrival of Ann Pettifor's latest book, 'Just Money: How society can break the despotic power of finance' is an important publishing moment, says Ekklesia co-director Simon Barrow. It unmasks the false ideologies of austerity and neoliberalism.
There is an excellent letter in today's Financial Times from James Skinner, a trustee of the New Economics Foundation, referring to the 'conspiracy of silence' surrounding the creation of money by commercial banks.