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Archive for March, 2017

James MurraySimon,Finding a major economist who is not from the banks and in a position of power, such as Governor of a Central Bank will be very difficult.Carney at the BoE is a case in point.I listened to his talk at Liverpool Business Conference:https://www.youtube.com/wat...All he could do was describe the ...

1 weeks ago

SimonProbably Jim. I suggested to Ellen that infrastructure projects could be carefully and competitively costed and the State or Central Bank could provide interest free loans for that amount. Repaying the loans would have a deflationary effect. The fears of conventional economists about inflation are m...

4 weeks ago

James MurrayIt's puzzle.Let us imagine that Trump the politician had its Government happened upon a surprise motherload of practically pure gold on federal land, almost ready easily to be melted down and used as currency, and so without the pain of more taxes, more borrowing, a greater increase in the National ...

4 weeks ago
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OliverThis article may also be of interest: http://www.socred.org/index..., as might my 548 paged tome entitled Social Credit Economics: https://www.amazon.co.uk/So......

4 weeks ago

OliverHi Stanislas, this is a very interesting article and I am glad that you have mentioned Douglas and the Social Credit movement. Douglas' 'debt-free' dividend, which, in conjunction with a National Discount on retail goods, would be financed by money creation via a 'National Credit Office, was intende...

4 weeks ago

Stanislas JourdanHi Steve, could you clarify or point out to what this "retail discount" idea would look like? I am unfamiliar with this concept in a monetary economics context. Thanks!...

4 weeks ago
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Money Creation & Interest: Is there enough money to pay off all the interest? (Part 2)

Screenshot 2017-02-23 12.16.19

This is the second part of our article dealing with the argument that bank lending must lead to escalating debt because banks don't create the money needed to pay the interest on the debt. Part 1 explained how the wrong conclusions have been drawn from the oft-repeated ‘banker on a desert island’ analogy. We showed that it is mathematically (and therefore logically) possible for both the principal and interest of a loan to be repaid.

MarijkeAt this moment I'm lost and having a big headache, because I thougt that I started to understand the system. But now I am lost.My only hope is that Draghi as the biggest moneymaker and illusionist ever wil be dismissed, why he never should have been placed in the position of ECB as former GoldmanSac...

2 weeks ago

Roger Glyndwr LewisThe mechanism for the accelerated growth of indebtedness and corresponding monetary assets – a veritable infernal machine – is described in full detail in “The Money Syndrome” by Helmut Creutz.http://www.themoneysyndrome...The following graph is taken from the book “The Money Syndrome“. ...

3 weeks ago

Bob WelhamAn old PM blog from 2012 that attempts to illustrate the pernicious nature of our commercially issued, debt-based money system, using the maligned "desert island economy" thought experiment. There is no mention of the "is there enough money to pay all the interest" red herring. The real danger is sh...

3 weeks ago
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Rollo10"To fix this problem, the Government should give the Bank new tools," - Wrong!Their ponzi scheme is broken, beyond repair, we need a new Sovereign system, one that relies on all nations and their own Sovereign currencies, no more Rothschild usury.We can rebuild our Social Infrastructure with interes...

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Our names in the paper

andrew tyrie

What an exciting few weeks for the Positive Money campaign! Rounding off this morning with this full-page splash in the local newspaper of the Chair of the influential Treasury Select Committee of MPs. Here’s our crowd-funded advert in the Chichester Observer last week:

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