Monetary reform is the process of fundamentally changing policies regarding money. It can include changes to the money creation process, fractional-reserve banking, financial institutions, financing of the economy and social credit among other things.[1]
C. H. Douglas, founder of the Social Credit-theory. Photo taken in Edmonton, Alberta, Canada, 1934.
In the years around 1920 the British engineer C. H. Douglas developed a theory on banking and welfare distribution, a theory which he called "Social Credit", and which soon became the cornerstone of an international movement with the same name. However, Douglas himself warned against viewing the Social Credit solely as a scheme for monetary reform. Personally he preferred to describe it as "the policy of a philosophy" or, to be exact, the policy of "practical Christianity".[2] This policy, linked to this philosophy, is all about dispersing economic and political power to individuals. As he once wrote, "Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic."[3]
Recent development and debateedit
Michael Rowbotham's The Grip of Death, published 1998, was an attack on the banking system as well as the politics of globalization, free trade and growth-oriented strategies based on these lines. The book was widely spread and got reviews in magazines such as The Ecologist, Resurgence, New Internationalist, The Tribune, The Tablet, Sustainable Economics, Permaculture Magazine, Food Magazine and Social Credit.[4] Some of the British monetary reformers, such as Michael Rowbotham, is influenced by the Social Credit-movement.
The Money Reform Party[5][6] was founded by Anne Belsey from Kent in 2005 and deregistered in 2014.[7] Belsey stood for the MRP in the 2006 Bromley and Chislehurst by-election and came last with 33 votes. She stood in Canterbury in 2010[8] and came last with 173 votes. Author Mark Braund recommended the MRP website "which includes a compelling explanation of the mechanics of money creation and its impact on society".[9]
Papersedit
2010 – Towards a Twenty-First Century Banking and Monetary System, Joint Submission to the Independent Commission on Banking, UK (Chair: Professor Sir John Vickers), with Ben Dyson, Tony Greenham, Josh Ryan-Collins, by the Centre for Banking, Finance and Sustainable Development, the new economics foundation, and Positive Money, submitted 19 November 2010
^Frisby, Dominic (18 September 2008). "The Money Reform Party". Frisby's Bulls And Bears. Retrieved 16 April 2017.
^"Money Reform Party". Open Electoral Commission. Retrieved 16 April 2017.
^"Election candidates so far for Canterbury and Whitstable". This is Kent. 16 April 2010. Retrieved 16 April 2017.
^"Money for nothing". The Observer. 5 April 2009. Retrieved 16 April 2017.
November 23, 2023
monetary, reform, britain, monetary, reform, process, fundamentally, changing, policies, regarding, money, include, changes, money, creation, process, fractional, reserve, banking, financial, institutions, financing, economy, social, credit, among, other, thin. Monetary reform is the process of fundamentally changing policies regarding money It can include changes to the money creation process fractional reserve banking financial institutions financing of the economy and social credit among other things 1 Contents 1 History 1 1 C H Douglas and the Social Credit movement 1 2 Recent development and debate 2 Papers 3 See also 4 ReferencesHistory editC H Douglas and the Social Credit movement edit nbsp C H Douglas founder of the Social Credit theory Photo taken in Edmonton Alberta Canada 1934 In the years around 1920 the British engineer C H Douglas developed a theory on banking and welfare distribution a theory which he called Social Credit and which soon became the cornerstone of an international movement with the same name However Douglas himself warned against viewing the Social Credit solely as a scheme for monetary reform Personally he preferred to describe it as the policy of a philosophy or to be exact the policy of practical Christianity 2 This policy linked to this philosophy is all about dispersing economic and political power to individuals As he once wrote Systems were made for men and not men for systems and the interest of man which is self development is above all systems whether theological political or economic 3 Recent development and debate edit Michael Rowbotham s The Grip of Death published 1998 was an attack on the banking system as well as the politics of globalization free trade and growth oriented strategies based on these lines The book was widely spread and got reviews in magazines such as The Ecologist Resurgence New Internationalist The Tribune The Tablet Sustainable Economics Permaculture Magazine Food Magazine and Social Credit 4 Some of the British monetary reformers such as Michael Rowbotham is influenced by the Social Credit movement The Money Reform Party 5 6 was founded by Anne Belsey from Kent in 2005 and deregistered in 2014 7 Belsey stood for the MRP in the 2006 Bromley and Chislehurst by election and came last with 33 votes She stood in Canterbury in 2010 8 and came last with 173 votes Author Mark Braund recommended the MRP website which includes a compelling explanation of the mechanics of money creation and its impact on society 9 Papers edit2010 Towards a Twenty First Century Banking and Monetary System Joint Submission to the Independent Commission on Banking UK Chair Professor Sir John Vickers with Ben Dyson Tony Greenham Josh Ryan Collins by the Centre for Banking Finance and Sustainable Development the new economics foundation and Positive Money submitted 19 November 2010 PDFSee also edit nbsp Money portal nbsp Business and Economics portalList of monetary reformers Universal basic income in the United KingdomReferences edit For an example of the use of the term see this contribution from Bilderberg org C H Douglas The Policy of a Philosophy Australian League of Rights Archived from the original on 4 September 2007 Retrieved 1 March 2008 Douglas C H 1974 Economic Democracy Fifth Authorised Edition Epsom Surrey England Bloomfield Books pp 18 ISBN 0 904656 06 3 Retrieved 12 November 2008 Michael Rowbotham Written in Belief Scoop News Money Reform Party Archived from the original on 12 October 2016 Frisby Dominic 18 September 2008 The Money Reform Party Frisby s Bulls And Bears Retrieved 16 April 2017 Money Reform Party Open Electoral Commission Retrieved 16 April 2017 Election candidates so far for Canterbury and Whitstable This is Kent 16 April 2010 Retrieved 16 April 2017 Money for nothing The Observer 5 April 2009 Retrieved 16 April 2017 Retrieved from https en wikipedia org w index php title Monetary reform in Britain amp oldid 1034359990, wikipedia, wiki, book, books, library,
