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Frank Van Lerven

Frank is our Research and Policy Analyst, and is responsible for our research on current events. Frank also leads our research in Public Money Creation and Quantitative Easing. Prior to working on the availability of credit under a Sovereign Money system, Frank also researched issues related to the 1844 Bank Charter Act and its implications for contemporary monetary policy. With a Research Master’s in Advanced Political Economy (cum laude) and a BA in African Development Studies, Frank is especially interested in how Western financial systems (and models) influence developing economies.

KimYou give weird examples, it doesn't work like that in the modern industrial world. You need some kind of standardized measure of value, that's where a government usually comes in. A democratic institution should at least in theory look after the common good - banks are not even supposed to do that.....

10 hours ago

Roger Glyndwr Lewishttp://simonthorpesideas.bl...All Risk No Reward 2 years agoYes, the money flows, BUT NOT TO THE MAIN STREET DEBTORS IN AMOUNTS THAT MAKE THEIR DEBTS PAYABLE. Therefore, the choice is to exponentially grow the debt until the exponential debt-money growth implodes on its own or allow Main Street to i...

6 days ago

Roger Glyndwr LewisBernard Lietaers fable of the 11th round adresses this question, I have wondered why Steve Keen and others seem so keen to pooh pooh this as a naive urban myth. Usury is the Price of money, it is the metric of Economists, the high priests of Economics Woo.What we see in Keen and Varafoukis is really...

6 days ago
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medialAxisAll money, bar circa 3%, is loaned into existence by private banks. We all know that now. But what about reserves? Are all reserves loaned into existence? If so, what do banks put up as collateral?...

December 2016

Vince RichardsonA commercial bank could never buy gilts with commercially created money,they have to buy gilts with bank reserves.The BoE does not deal in commercial deposits, it operates all deals with commercial banks only via the reserve system....

November 2016

Vince RichardsonLast I checked the BoE held about 25 % of all gilts....

November 2016
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Nostradurus ZagrebačkiAny State which has a deficit in foreign trade may suffer from inflation. However, the demolition of the value of the currency can not be stopped until a positive trade balance or until the curb expansion of the domestic currency. This second option, of course, is not good for the economy because it...

October 2016
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Derryl HermanutzTrue, in the present system commercial banks create virtually all money by expanding their balance sheets. A "bank loan" creates a new deposit account balance (money) and a new loan account balance (debt) in the debtor's bank accounts. The bank issues the new credit-money as a deposit liability. ...

December 2016

Brighton Lads"But debt in of itself is not necessarily a bad thing. In Western economies, the primary problem is that the bulk of this debt is not being used for productive purposes (i.e. to boost private sector incomes, finance infrastructure and a green economic transition)." Did you read that part? No mention...

October 2016

PJMThat may be true in the present private debt-money banking, monetary and credit system, in which new money is created as debt.However, in a Sovereign Money system as championed by Positive Money. new money would not be created as debt....

October 2016
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SimonStudent debt has not helped young people to feel wealthier. The system certainly helps those who have assets at the expense of those who do not, that has been the case for many years, but more pronounced now. The Help to buy scheme is a subsidy for existing home owners, helping to boost property pri...

October 2016

PJMWell done, Frank. You have made the case succinctly!...

October 2016
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