[Ed] Icelandic money experiment

Or even Icelandic:o

Quote:

Iceland's government said Tuesday it would consider a revolutionary monetary proposal removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled "A better monetary system for Iceland".

http://ift.tt/1F1Bj7I



We might get a real life experiment in monetary theory. :)

via International Skeptics Forum http://ift.tt/19D8B4A