Sovereign Money Initiative

The Sovereign Money Initiative aims to change how money is created by shifting that power from commercial banks to the central bank or government. Currently, banks generate most new money through loans, which can lead to excessive debt and financial instability. The initiative proposes that only the central bank can create new money, which would directly fund public goods and services, reduce reliance on debt, and promote economic stability. In effect, it seeks to make money issuance more transparent, democratic, and aligned with the public’s interests, rather than driven primarily by banking profit motives.