Martin Wolf is the latest in a long line of people to propose full reserve banking and removal of banks "money creation" powers. But as I noted when I reviewed the IMF researchers Benes & Kumhof's proposal for full reserve banking, this would mean the death of commercial banking. Maybe that's not such a bad thing.....but wouldn't it be better to say so directly?
Oh, and money creation by committee IS a bad thing. Definitely.
More here. (Pieria)