``"Due to the emergence of electronic payment transactions, banks have regained the opportunity to create their own money," said the Swiss Sovereign Money campaign. "The decision taken by the people in 1891 [banning private bank money-printing] has fallen into oblivion...." Unlike the gold vote - which was seen as a precursor to re-introducing the Gold Standard in Switzerland - economists have been more supportive of the idea of "sovereign money" as a way to stabilise the economy and prevent excess credit growth.''

Comments: Be the first to add a comment

add a comment | go to forum thread