Isn’t it the same as what
Isn't it the same as what Positive Money propose? As such, something that is not necessary as already banks cannot lend more than they have (or can get quickly) and only "create money" as this is how granting a loan is defined; and bank lending depends on the state of the economy not on what banks might want to lend.It could be implemented (it's not pure currency crankism) but would make day-to-day living more troublesome (you'd have to pay for every transaction on your current account since banks won't be able to lend money from such accounts to bring in some interest to run them, and if you put anything into an interest-bearing savings account it won't be protected if the bank folds). I doubt if Swiss voters will vote to shoot themselves in the foot (or, rather, graze their foot) in this way.