Switzerland: First country to have national referendum about Sovereign Money

Post by mathiasrw » Sun, Apr 29, 2018, 8:44 PM UTC

Post by Patient0 » Mon, Apr 30, 2018, 5:58 AM UTC

garmaine wrote: post #2

For a website that proclaims the importance of getting the word out, I didn’t see any description of what this “sovereign money” proposal actually is. What is being proposed and why?

Post by cyann » Mon, Apr 30, 2018, 6:03 AM UTC

Patient0 wrote: post #4

Here's a good explanation of what the sovereign money initiative is (and why it is probably a bad idea) from the chairman of the Swiss central bank: https://snb.ch/en/mmr/speeches/id/ref_20180116_tjn

Post by another-one-off » Mon, Apr 30, 2018, 6:32 AM UTC

nickik wrote: post #6

As somebody from Switzerland I think this is insane. I will vote against it. Honestly, most people who want this dont have a clue about monetary policy.

Post by akhatri_aus » Mon, Apr 30, 2018, 8:58 AM UTC

another-one-off wrote: post #7

nickik wrote: post #6

As somebody from Switzerland I think this is insane. I will vote against it. Honestly, most people who want this dont have a clue about monetary policy.

I'd liken it to Repblicanism vs Monarchism. The differences between the positions are pretty extreme; to the point where it is hard for normal people to educate themselves. It looks like something I'd be in favour of. Not because I don't understand monetary policy but because I disagree with its goals, methods and outcomes.