A collection of resources for anyone interested in this alternative monetary system.


Some people dismiss Full Reserve Banking (the opposite of Fractional Reserve Banking) as a crazy system not taken seriously by any leading economists. This is entirely false. As recently as 2010, Mervyn King, former governor of the Bank of England, said…
“You might be aware that I have said publicly that I think ideas in this spirit – such as those advocated by John Kay – certainly merit serious consideration in the debate as to how we reform our financial system. I remain sympathetic to these views.”
If the governor of the Bank of England takes its seriously, then perhaps we all should. The purpose of this website is to be a starting point for anyone wishing to research this common sense, rational and quite practical banking system. Had we had Full Reserve Banking in place all along, it is almost certain that the financial crash of 2007/2008 and its lingering aftermath would never have occurred.

April 2014: Martin Wolf, chief economist at the Financial Times, declares himself a supporter of full reserves.

Follow this link for his original article in the FT, or take a look at this speech at the Institute for Chartered Accountants.