PMC Associates

Bill Clancey

My name is Bill Clancey, I have a BA in Political Science and an LLB (now Juris Doctor) from Dalhousie Law School. I am a member (retired) of the Nova Scotia Bar Society.

I practiced law for approximately ten years, first as an associate with a private firm and then as a municipal solicitor for an incorporated Town. I changed careers at this point and entered the field of public sector management. I held a Town Manager position for approximately three years before becoming a Senior Manager with the Province of Nova Scotia. I was employed in this management position for 20 years before my retirement.

Jeff Eder

My name is Jeff Eder, I am one of the cofounders of Progressive Money Canada (PMC) and advocate for money creation for the public good by empowering the Bank of Canada with oversight from Parliament and the public.

My own interest in economics and money began sometime in my late forties, I don’t know exactly when. I have always been curious about how things work and eventually it turned to the economy and money. What I noticed is that predictions by mainstream economists rarely came true, so I started to dig deeper to satisfy the question of why? I discovered that most economists have a gross misunderstanding of how money creation and our current banking system works, which in turn can affect their macroeconomic outlooks.

It motivated me to enroll at a local college and take both micro and macro economics. I was lucky enough to have an economics professor that was open to challenges of the status quo, and he allowed me to speak in front of his own classes directly challenging the money multiplier model and the myth of fractional reserve banking.

I am a retired elevator technician and found my troubleshooting skills, particularly understanding and reading electrical schematics are directly transferable to mapping out our financial system, an ongoing task!

Hence, PMC also advocates for a Royal Commission into the current banking system and map out the money creation process used by commercial banks. Measure its benefits and pitfalls and produce recommendations to improve the system for the public good.

I enjoy hiking, swimming, rock climbing, golf, and reading, not necessarily in that order.

Paul Lebow

“Your assumptions are your windows on the world. Scrub them off every once in a while, or the light won't come in.” ― Isaac Asimov

My name is Paul Lebow. I am past Vice President and still a member of the Alliance For Just Money. I am also a PhD physicist currently working at a US Government research laboratory. As a physicist I seek out fundamental root causes by stripping away complexity and jargon. My journey to becoming a vocal advocate for changing our monetary system began in 2013 when struggling to understand how homelessness could exist in a nation with such an abundance of wealth. Is it really true that despite our national wealth we could not afford to provide decent housing for everyone? Through my research I discovered it is our money system, where all money is privately created through bank lending, that is the root cause of inequality and scarcity. I learned that, in fact, the money system is a human creation that can be transformed to serve the citizens rather than private banking corporations. My focus is on educating the public on the true nature and potential of a just money system.