The joke is that electronic money is not legal tender. The law has been left behind by technology and up to now the politicians have omitted to extend the government’€s monopoly of money to electronic money.
Positivemoney.org, June 18, 2014
The Swiss Association for Monetary Modernization wants to solve the most severe malfunctions of the present money system by a fundamental reform. The association officially launched the Sovereign Money Initiative.
World Economics Association Newsletter 4(3), June 2014, pp. 6-7.
How is the present monetary system affecting the economy and society, and why is it failing? I will summarize the problematic aspects of our current monetary system in ten points. Each of these points constitutes a good reason for monetary reform.
Positivemoney.org, July 31, 2013
Banks should finally provide what we expect from them: the protection of our money.
Positivemoney.org, June 4, 2013
Especially important is a thorough reform of the monetary system, since it dominates finance and the whole economy. We need a new monetary architecture that restores democratic control over the money supply and makes the monetary system better serve the common good.
In: B. Preiß and C. Brunner (eds.): Democracy in Crisis. The Dynamics of Civil Protest and Civil Resistance. Zürich - Berlin: LIT-Verlag, 2013, pp. 35-55.
Prof. Dr. Mark Joób