By Karen Shaw Petrou
On Sunday, June 10, Swiss voters resoundingly rejected “Vollgeld” – a sovereign-money referendum that would have made the Swiss National Bank an all-powerful arbiter of money and credit. Defeat notwithstanding, Vollgeld is just a test run. In this blog post, we consider Vollgeld’s impact with particular attention to the U.S. Any doubts that its impact could be significant is dispelled by a brand-new paper laying out a U.S. Vollgeld from a think tank with ties to Sen. Warren – a national leader of progressive Democrats with considerable power to influence thinking, if not, for now, actual legislation. Continue reading “Vollgeld as Voldemort: Is the Swiss Villain Coming for American Banking?”