%0 Generic
%A Schmidt, Sandra
%C Heidelberg
%D 2015
%F heidok:18115
%K Money, debt, banks and inequality. Reform of the monetary system, equity-based money.
%R 10.11588/heidok.00018115
%T Pure Money for a Sound Economy
%U https://archiv.ub.uni-heidelberg.de/volltextserver/18115/
%V 0580
%X At present, the world-economy is exceedingly fragile. Debt  levels of nations peak. Monetary assets increase, too, and concentrate in the hands of few. In this paper, I show that a mechanism at the root of today’s monetary system entails an inherently fragile economy. I simulate the consequences of this mechanism within a macroeconomic model. I motivate a new monetary system that gives money the role it should have: to facilitate complex interactions in a stable environment.