&gt; &quot;Though I see you&#x27;re talking about the UK now&quot;<p>There are similar monetary reform movements in the US, the one I linked to just happened to be driving for change in the UK.<p>With regards to recreating the Federal Reserve, you could argue that any central bank has a similar role to play, and the UK already has a central bank (the Bank of England). In some ways, you&#x27;re right, that is similar to what is being proposed, but there are some key differences. Let&#x27;s use the US system as an example again.<p>The money in the new system would be debt-free. This is a very important part of the system. Central banks like the Federal Reserve would not be accruing more debt just to do their job (for those that may be thinking having that debt is good, a decent chunk of US taxes goes into servicing that debt, effectively paying off the interest on a loan you didn&#x27;t need to take out in the first place).<p>Not only does it take the debt burden away, it also allows greater flexibility with economic strategy. For example, in the current global economic system we go through cycles of activity. When the economy is booming, more money is created, facilitating easier trades. However, in times of recession, the money supply shrinks (or rather the flow of available currency shrinks), making trades harder just at the time when more money would be useful to help the economy recover. Instead what you want is a money supply that can expand even during a recession, and that&#x27;s easier to arrange by using debt-free money guided by a central authority.<p>Transparency is another key difference. It should be possible to follow most&#x2F;all of the debates shaping monetary policy. Correct me of I&#x27;m wrong, but we don&#x27;t seem to have this level of insight into the inner workings of the Federal Reserve.