is "full money" enough to stabilize the economy ?

Hi folks,

a couple of days ago, the Neue Zürcher Zeitung (NZZ) had half a page on the monetary Modernization effort in Switzerland, where the MoMoCh team is preparing a signature collection for a referendum on "Vollgeld", full money.
The NZZ even stated (with horror) that the initiative aims at forbidding the banks to create money....

So I thought it would be a good moment in time to see what the "Vollgeld" initiative could or would call for, and evaluate the effects + & - in a few words, that have grown to a few pages.
It is all written in german, here is the link in the title
Reicht das Vollgeld-Konzept aus, um die Wirtschaft zu stabilisieren?

in english, it means: is "full money" enough to stabilize the economy ?

comments welcome

cheers
Jean-Claude

correction of formula on public debt & deficit in Boskin paper and Schemmann book

Hi folks,

as I read Michael Schemmann's 2010 book about "European Monetary Reform", I stumbled onto a couple of formulas for the mathematically intended, they are relating public debt, growth, public deficit and interest rate. These are interesting subjects that I touched a couple of months ago in my treatise on perpetual public deficits and debt

A quick plausibility check showed that at least one of the formulas was wrong. The formulas were referenced to a paper by M.J.Boskin, so I looked them up there, and there the wrong one was wrong as well.
So I set out to determine the correct one, to identify the (typing) mistakes, and to look at how useful the formulas are when evaluating the sustainability of public deficits.
You find this information here, under the title:
"Correction of the formula on public debt as published by Mr Michael J. Boskin in 1988, and referenced to by Mr Michael Schemmann in 2010"                            by Jean-Claude Schmitz.