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Ben Dyson (Positive Money)

Ben is Positive Money's Head of Research. He founded Positive Money in 2010 and is a co-author of Modernising Money. Ben's research focuses on potential reforms better forms of monetary policy, structural reforms to the banking system, and the potential for technology to disrupt the payment and banking systems.

Adair Turner’s New Book: Between Debt and the Devil

Between debt and the devil Adair Turner

Adair Turner became the chairman of the UK’s Financial Services Authority the day after Lehman Brothers collapsed. He was one of the most senior banking officials from 2008 until 2013, so it’s fair to assume that he’s seen more chaos behind the scenes of banking than most of us could even imagine. While he’s never written an expose or biography detailing his experience of trying to rescue a fundamentally broken banking system, key insights have informed everything he’s said and written since. His latest book, Between Debt and the Devil, is no different.

Barney RubbleDo I need to cite the BOE report that shows how BOE reinforces inequality?If you read the whole sentence you cited, and dont take it out of context then you will see what I mean."Whereas Quantitative Easing involved creating hundreds of billions of pounds (or dollars or euros) and putting that money...

October 2015

marcel tjoeng'and we need to relearn how to share, be sparing, sometimes even do without for the greater good.'The new meme, the concept, that could and should replace the ill-reputed 'GDP growth' meme is a quality-of-life model.A healthy or rather an appropriately retained environment provides value that equall...

October 2015

marcel tjoeng(wrong place)...

October 2015
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Bank of England’s chief economist hints towards a digital form of central bank money to compete with bank-issued money

Andy Haldane

Last week Andrew Haldane, the Bank of England’s chief economist hinted that current monetary policy might be broken, and that other policies might be needed. He briefly hinted that one policy might involve the central bank issuing a form of digital cash that would end up competing with the bank deposits issued by commercial banks (and which make up 97% of all the money we use).

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November 2015

Earl HarperYou are just a fucking mockingbird ! @#$%#...

November 2015

KarenHudeshttp://www.kahudes.net/wp-cont...http://www.ntu.org/governmentb......

November 2015
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James MurrayMy interest in Richard Murphy has been piqued with the rise of Jeremy Corbyn and his PQE.RM apparently is the guru for this so-called Corbynomics and so, I imagine along with many others, I have bought his book The Courageous State.I did find a huge amount to agree with in the book - it was full of ...

September 2015

Mighty OafA standard Richard Murphy response unfortunately. Starts a debate, and then attacks those that don't agree with him, effectively closing down the debate by stating definitively that alternate views to his show misunderstanding. His attitude to debating is woeful....

June 2015

Barney RubbleSadly Richard Murphy initiated this debate but could bring not himself to respond or dispute any of the arguments made by Ben Dyson. Instead, he offers this rather poorly worded attack on Ben. Why start a debate only to end it like this. Concession of defeat?Richard Murphy: "What can I say barring t...

June 2015
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Why the failure of Kaupthing Edge teaches us nothing about full reserve banking (A response to Dow, Johnsen and Montagnoli)

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In their paper "A critique of full reserve banking", Professor Sheila Dow, Alberto Montagnoli and Gudron Johnsen argue that the failure of one of the Icelandic bank's subsidiaries is evidence that full-reserve banking would not make the financial system safer. Here we explain why the case study is not applicable, and teaches us nothing about the impact of full reserve banking.

Donald BealI agree with most of Ben's critique of the Dow et al paper.But I do think it should be pointed out that the comparison of the KSF account with a Sovereign Money system transaction account with 100% backing via the Central Bank is misleading.In the PM-style system only transaction accounts have 100% ...

April 2015

James MurrayThis objection to Positive Money proposals is an idealexample of how easy it is for the apologists for the Banking System to usefalse 'evidence' to pooh-pooh Full Reserve Banking.Ben Dyson answers the supposed 'evidence' carefully andcomprehensively and so well done to him...However, time and again,...

April 2015
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Would stripping banks of their power to create money cause a shortage of money, high unemployment and an economic decline? (Report)

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Some economists and commentators have claimed that Positive Money’s proposals for a sovereign money system, in which banks are not permitted to create money, would leave the economy with a money and credit supply that is rigid, inflexible and unresponsive to the needs of the wider economy. According to one critic, such a system would result in “a shortage of money, high unemployment and low economic activity”.

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