Look Who it Was Random video

Michael Meacher MP - on Money Creation (part 3 of 3)

1,305 views · Published 27 January 2012 · 9:40 · Indexed 26 September 2026

Channel: Positive Money UK · 2012 · Education

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Michael Meacher MP, the Labour MP for Oldham West & Royton, is answering 6 questions:

In this part:

6. What should be done?

Control of the money supply should be brought back into the public domain. 

"The key issue, the central issue, the overwhelming issue which this country must face up to, is the restoration of democratic accountability via control over the money supply."

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Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org.uk/

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