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The Chicago Plan Revisited

Department of Economics public lecture

Michael Kumhof will discuss his 2012 paper on the Chicago Plan, a radical reform plan for the banking industry that would eliminate banks’ power to create money. Based on proposals developed by members of the Chicago School in the US in the 1930s, Kumhof’s plan represents the most far-reaching and decisive proposal to eliminate the risks associated with fractional reserve banking.

Michael Kumhof is deputy division chief of the Modelling Division at the IMF Research Department.


Michael Kumhof | talks


Date and Time:

12 November 2013 at 6:30 pm


1 hour 30 minutes



Old Theatre, Old Building
London School of Economics and Political Science
Houghton Street

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Organised by:

London School of Economics & Political Science
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Available from:

This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email events@lse.ac.uk or call 020 7955 6043.

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