Larry Kotlikoff: Why I Support Sovereign Money

The Monetary Institute's "Our Money, Our Banks, Our Country - Money Creation in the Modern Economy" conference was held in Zurich, Switzerland on February 5, 2018.
Professor Larry Kotlikoff, Professor of Economics, Boston University, former Senior. Economist, US President’s Council of Economic Advisers provided this overview of the concepts of limited purpose banking and sovereign money, as well as why he favors the adoption of such a such a system in nations around the world.

[@mikealviar2813]

Professor Kotlikoff must see how Credit Suisse (properly documented by the Swiss National Bank) created its own equity during the GFC in 2008. Barclays (and many others) also did so but their process was shrouded in mystery. Maybe the Mutual (and other) Funds, Collective Investment Vehicles, Fund of Fund Structures and the like should buy out Community Banks with Equity and use the present system described by Dr. Werner to make the changes from present rules governing banking institutions.