inc Explanatory Note 11

(11) Monetary Reform

For Constitutionalists what is at stake here is the nature of money itself as a vital social good.  Money facilitates commercial exchange, it provides the basis for social investment, and it has the power to stabilise or destabilise society.  They firmly believe that handing the power of money creation over to commercial interests is a recipe for financial instability, social inequality and political impotence.  Constitutionalists are convinced that reclaiming that right in the national interest from the wealth elite of the City of London would prove a powerful tool in the struggle for lasting and inclusive prosperity,