Abstract
Recently I met an 80-year-old activist who was passionate about monetary reform. Ons Geld, the foundation that she supports, wants to “make our money stable, subservient and democratic.” My discussion with her was lively and made me curious about the movement.
Certainly, stability of our current monetary system is back in the news. No one wants to worry about their savings being wiped out because their bank took excessive risk with loans or bought securities without thinking about the impact of possible shifts in interest rates. At the same time, we hope that our bank makes wise investments—to grow your money. One does not need to look far for a proverb that implores you to invest rather than hoard. The Parable of the Talents found in The Bible commends putting savings at risk in pursuit of earnings.
Certainly, stability of our current monetary system is back in the news. No one wants to worry about their savings being wiped out because their bank took excessive risk with loans or bought securities without thinking about the impact of possible shifts in interest rates. At the same time, we hope that our bank makes wise investments—to grow your money. One does not need to look far for a proverb that implores you to invest rather than hoard. The Parable of the Talents found in The Bible commends putting savings at risk in pursuit of earnings.
| Original language | English |
|---|---|
| Journal | Observant |
| Publication status | Published - 11 Apr 2023 |