I’m indebted to tbis post on ProgessivePulse (PP) from ‘Schofield’ for leading me to think of this idea. We should be persuading Positive Money (PoMo) to start a MONEY HISTORY MONTH on similar lines to those of Black History Month.
Whilst Black History is certainly informative, I suggest that Money History is likely to be transformative.
To know how the Bank of England was never actually funded as its private backers promised, to know how they campaigned to be granted the unique rights to create Sterling and how those rights were first granted for only six years and how they had to campaign for renewal would surely be eye – opening for most now.
But could be almost run of the mill ‘1066 and all that’ if these things were actually regularly taught.
PoMo are the ‘campaigners’ and on PP most of us know that history is distinctly important for the understanding of money. (It certainly helped me.)
Whilst PoMo’s original objective was to transform the way money was created, it seems to me that a closer, and more achievable objective should be – especially as it is PoMo’s historical tenth anniversary – talking about history – and actually using it to demonstrate how money is now created.
Transforming money creation is unlikely to take place without the fuller understanding of what actually happens now – and why – and actually setting it in its historical context.