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Professor Joseph Huber ’s Plain Money. A sociologist and economist by training, Huber is the author of a series of popular, green-leaning essays (Technokratie oder Menschlichkeit, 1978; Anders arbeiten – anders witschaften, 1979; Wer soll das alles ändern, 1980; Die zwei Gesichter der Arbeit, 1984; Die Regenbogengesellschaft, 1985; Nachhaltige Entwicklung, 1995). At present, our capitalist societies’ money base consists of two components: one created by the central bank and the other by private banks. Under “ plain money ”, the latter would be suppressed. This centralisation of the prerogative to create money (cash as well as sight deposits), the author argues, would have a number of advantages in its own right: greater stability of the price level and the business cycle, lower interest rates and stronger growth potential. Taken by itself, “a plain money system entails far more effective possibilities to control inflation and would be less prone to instability that the current opaque reserve system”. Copy of a fragment of http://www.etes.ucl.ac.be/BIENbackup/BI33/BI33mac.doc (not copyrighted) A monetary reform for the information age on a "plain money" base is proposed by Joseph Huber and James Robertson in " Creating New Money ". SEE ALSO |
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