According to Positive Money a
According to Positive Money a referendum will eventually take place in Switzerland on their proposal for banking and monetary reform:http://positivemoney.org/2015/11/swiss-citizens-initiative-collects-105000-signatures-triggers-referendum-on-money-creation/Positive Money believe that banks, as part of the banking system including a central bank, can create money out of nothing by a simple keyboard stroke and propose that this supposed power should be taken away from them and that they be allowed to lend only what has been deposited with them. But, as banks do not have that power and already have to fund what they lend (from borrowing on the money market as well from outside deposits), their proposal is unnecessary. It's aimed at dealing with a non-problem. If enacted it would make it more difficult for banks to fulfil their key role under capitalism of channelling otherwise unused money into business investment. This could slow down the accumulation of capital and so provoke an economic crisis. They believe that their proposal would in fact reduce bank lending and propose to compensate for this by the state printing more money to be invested. But most of this will be over-compensation, resulting in inflation, massive inflation in fact.I don't suppose Swiss voters will fall for this. Not that monetary/banking reform will solve or even alleviate any of the problems workers face under capitalism; if ill-conceived, it could even make matters worse, at least temporarily until it is repealed.