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This is a list of monetary reformers from the past to the present according to several schools of thought.
Monetary reformers primarily belong to the following groups:
Supporters of publicly issued money who oppose charging interest on issuance of money, formerly called "Greenbackers" in late 19th century United States,
the Austrian School who generally support a return to the gold standard or full-reserve banking, and
the Post-Keynesian School who[who?] generally wish to regulate or reduce leverage and debt in the economy or direct it to "productive, non-speculative" uses.[citation needed]
Most of these groups[vague] are critical of fractional-reserve banking,[1][2] a practice which is described by critics as "creating money out of thin air". According to the Bank of England "rather than banks lending out deposits that are placed with them, the act of lending creates deposits – the reverse of the sequence typically described in textbooks".[3]
^Pibel, Doug (July 7, 2009). "How Banks Make Money Creating Money Out of Thin Air". Yesmagazine.org. Retrieved September 19, 2011.
^Polleit, Thorsten (December 23, 2010). "The Faults of Fractional-Reserve Banking". Mises Daily. Retrieved September 19, 2011.
^Jem Bendell, "There is a magic money tree, but it's only magic for banks", HuffPost, 5 June 2017 (page visited on 25 February 2018).
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