As Messenger readers will know from a previous guest editorial (“Who Makes Money & Where Does It Go,” January 28, 2017), most of the money flowing through our economy is in the form of account money created by banks. as they make loans. The fact that banks create money when …

Switzerland has rejected a proposal to radically change the way banks lend money, a victory for the financial establishment including Swiss National Bank President Thomas Jordan. Vollgeld, as the plan is known in German, was the latest in a string of nationwide polls over the past few years that critics …