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By Prof. Bruno COLMANT, Ph.D., Member of the Royal Academy of Belgium
A socio-political choice must be made regarding money because money is a political instrument. Will it retain its autonomous, bank-based dynamic within a neoliberal framework, or, on the contrary, will it be re-politicized within a more egalitarian, supportive, and temperate social framework with the advantages of a social state?
My intuition and reason lead me to believe that the latter should prevail. I envisage a transformation of the monetary symbol from a market context to one of regulation.
Monetary and fiscal policies are partially merged through the ECB's balance sheet. This gives rise to the intuition that if public debt is that of a collective,...
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