Richard Werner

Where does money come from? 97% is created by banks from nothing and they decide for what purpose it can be used. How does this process work, what are the rules that govern it and what are the flaws in the theory that inform it? How can this process be controlled to reduce harm and encourage productive and environmentally sustainable development.

Richard Werner - Cooperative banks and the local economy (with slides)

Professor Richard Werner is the inventor of the term “Quantitative Easing”, (QE). He argues that small local banks are a good way to support growth through “Quantitative Easing for local economies”. This is done using the banks power of creating money and allocate them within the SME-sector, including green- and social enterprises, where most jobs are created. He is currently involved in starting the “Hampshire Community Bank” aimed at the local economy in Hampshire. The project provides a structure within which small banks can build a network and support innovation.

Richard Werner speaking in Moscow on the Central Bank issue

12/02/2015, Russian Academy of Sciences, Blue Room
Round table "Anti-crisis fiscal policy of the state in the interests of economic development of Russia".
The main report "To a new understanding of the function of the banking sector: the mechanism of productive credit creation and quantitative easing" was delivered by Professor Richard Werner, a leading international expert on central banks, the author of the idea of ​​"quantitative easing."
Moderator of the event - Vladimir Yakunin, President of Russian Railways.

Смотреть видео на русском языке: http://www.youtube.com/watch?v=_9rxVU...