Making Money from Making Money

A new report, written by the New Economics Foundation and Copenhagen Business School, examines ‘seigniorage’ – the profits that are generated through the creation of money. We show that in the UK, commercial bank seigniorage profits amount to a hidden annual subsidy of £23 billion, representing 73% of banks’ profits after provisions and taxes see:

http://neweconomics.org/2017/01/making-money-making-money/