Accélérer la conversion écologique

Financing the post-growth state

“…A second step lies in the transformation of money creation: this is the aim of the 'sovereign money' proposals (Positive Money, 2016;Huber, 2017;Grandjean & Dufrêne, 2020). They propose the nationalisation of the money creation process by issuing debt-free money managed by a democratised Central Bank in order to decommodify it, to democratise its creation and distribution, and to put it at the service of the common good.…”

“…A monetary sovereign state -that is yet to be achieved in the eurozone and in many countries of the Global South -would then only be limited by the availability of real resources (labour, natural resources and productive capacity) for its spending. Inflation is also one of these limits, but may not be an immediate threat if money is well injected, managed and destroyed (Kelton, 2020;Grandjean and Dufrêne 2020).…”