Join us for a webinar with former IMF and Bank of England economist Dr. Michael Kumhof, with focus on the current debt economy and alternative economic systems.
This event is organized by the International Movement for Monetary Reform and other partners, with CEMUS as a co-host.
When: May 28 at 18.30-20.00 CEST
Where: Online webinar, you get the link before the event when you have registered
Registration: https://monreform.org/kumhof-money-without-debt/
Global debt just reached a historic record of $348.3 trillion – more than three times the size of the world economy. Mortgages, consumer loans, corporate debt, and government deficits continue to grow at extraordinary speed. Why?
There is an explanation that is rarely discussed in public debate. In today’s system, money itself is created as debt. This means the money supply can only grow as debt grows. Is there a way out from under the ever-growing mountain of debt?
Michael Kumhof has worked at both the IMF and the Bank of England and is an internationally recognized economist specializing in banking, debt, and monetary systems. He is a former professor at Stanford University, and his research is utilized by central banks and international institutions around the world.
Some of his most important publications:
- The Chicago Plan Revisited (updated 2024)
- The Macroeconomics of Central Bank Digital Currencies
- Central Bank Money: Liability, Asset or Equity of the Nation?
Read more: https://michaelkumhof.weebly.com/