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We should seriously consider revisiting “The Chicago Plan” of the 1930s which separates the monetary and credit functions of the banking system

Kumhof, Michael (2013) We should seriously consider revisiting “The Chicago Plan” of the 1930s which separates the monetary and credit functions of the banking system. LSE American Politics and Policy (25 Nov 2013). Blog Entry.

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Abstract

In the wake of the Great Recession, anxiety over monetary and financial systems is the highest it has been since the 1930s. Concerned with the lack of creativity of modern solutions, Michael Kumhof reexamines a monetary reform proposal from the 1930s called “The Chicago Plan.” He argues that it contains six advantages to the current system and few disadvantages, making it worthy of serious consideration.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2013 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > HG Finance
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 28 Jul 2014 15:51
Last Modified: 28 Jun 2019 23:18
URI: http://eprints.lse.ac.uk/id/eprint/58380

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