• Laurence Kotlikoff

    Laurence Kotlikoff is a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research. He is a NY Times Best Selling author and an active columnist. In 2014, he was named by The Economist as one of the world's 25 most influential economists. He was formerly on President Ronald Reagan's Council of Economic Advisers and ran as a write-in candidate for President of the United States in the 2016 election. Kotlikoff is author or co-author of 19 books and hundreds of professional journal articles.

Reasons for monetary reform and possible solutions

The Swiss Vollgeld Referendum Is Step One To Real, Global Financial Reform

  • The June 10th Swiss Vollgeld referendum, if passed, would stop money creation by Swiss banks.
  • This change would also reduce bank leverage, which, in addition to opacity, is the reason for past, recent, and future financial crises.
  • The Swiss change in banking would quickly spread to banking systems across the world.
  • It would represent an important step toward adopting Limited Purpose Banking (LPB), which would eliminate all leverage by financial middlemen as well as the opacity under which they operate.
  • Unlike Dodd-Frank and other so-called post-2008 financial “reforms,” LPB would end financial crises for real and for good.

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