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We should cash-bomb the people – not the banks

guardian_cash bomb

Abandon helicopters. Use bombers. Bomb Germany, France, Italy, Greece, the entire eurozone. Bomb them with banknotes, cash, anything to boost demand. The money must go straight to households, not to banks. Banks have had their day and miserably failed to spend, argues Simon Jenkins in the Guardian, 26th Nov 2014

montmorencyA revised version of that paper:http://www.paecon.net/PAERe......

December 2014

montmorencyAn interesting analysis of Modern Money Theory and New Currency Theory by Joseph Huber, prepared for the American Monetary Institute:http://www.monetary.org/wp-......

December 2014

GuyHarper"Where did you read this?"I have never read any MMT stuff which contradicts it. It is my interpretation of all the MMT stuff I have read I suppose. MMT (my interpretation, is it correct?) focuses on the point that the sum of all sectoral balances is zero. This is of course true and if people underst...

December 2014
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Roger Glyndwr Lewis@Clive_Lord @Martie_Warin @stormpoorun @GreenDaniella @watermelonalan @KatBoettge @CarolineLucas @jon_bartley @clrandrewcooper @ShahrarAli @Amelia_Womack @MollyMEP @Anothergreen @natalieben @Malone4Leader So what do you all say about the 2015 Manifesto, I thought it was an amazing achievement to hav...

July 2016

James MurrayTo get the transcript of teh debate go to:http://www.publications.par...Scroll down to the debate beginning at 11.18 amThere were 19 speakers to the debate.6 Conservative MPs9 Labour MPsThe rest were 1 SNP, 1 UKIP, 1 SDLPNo LibDemsThe Economic Secretary to the Treasury and the Shadow Treasury Minist...

April 2015

ConradJonesHopefully, Andrea Leadsom will understand that there is an alternative to the current system, which she must realise has changed since 1971. She will realise that the dregulation of Banks lending - the reduction in restrictions to Banks creating credit - can be seen to have a destabilising effect on...

December 2014
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GuyHarperI would be interested to know what was Diane Abbott's opinion/contribution?...

November 2014
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Andrew BuckleyThat's exactly right. When people are taught that they all deserve the same rights, they get outraged when it is demonstrated that they don't have them. When people are taught that the amount of money is determined for their benefit, they will be outraged if there is obvious misconduct in the proc...

December 2014

Andrew BuckleyThat's about as much as I know as well :). I don't think one can know any more about it until it's actually attempted....

December 2014

Fran GriffithsYou can think messy reality through as much as you like but it will still surprise you! And as you are thinking people continue suffer the consequences of a truly abysmal system. The representatives of the way things are would like us to argue for ever. While we fight amongst ourselves are leaving ...

December 2014
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