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Robert Macquarie

Economist, Positive Money

Out of the Darkness: Can a reformed financial system solve the world’s biggest problems? (Video)

Screenshot 2017-09-20 18.55.39

It has been 10 years after the financial crash of 2007-8 and the dysfunction of our banking system is finally under scrutiny. A recent event for Positive Money on 18th September 2017 saw 200 people gather at the RSA (Royal Society of Arts) to watch a panel do just that. Asking whether ‘a reformed financial system can solve the world’s biggest problems’ were Martin Wolf, Ed Balls and Fran Boait, in a panel debate chaired by Emily Maitlis.

Rollo10Call me a cynic but, "At that time he said to Mervyn King, then chair of the MPC, that we need to know we are equipped to respond to an economic crisis. They acted out a crisis scenario for two weeks to see if they were equipped. He said the exercise showed that they weren’t equipped, and they set...

Yesterday

Rollo10Banks don't want to 'lend to build' as it devalues the property already in the market. They need high purchase prices because it means bigger GDP. Money is created from Fresh Air every time a loan is made and ADDED to our GDP. We rely on Debt for Growth, which is why wages are suppressed. This is wh...

Yesterday
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Making monetary policy work for economic justice

IPPR

Welcome news this week came from the IPPR Commission on Economic Justice with the publication of their interim report. Prominent voices in business, politics and academia have lent their weight to the report, which assesses the ‘broken’ economic model - or, as the authors prefer, ‘economic muddle’ - we in the UK are burdened with. The buzz around the publication throws up an opportunity to refine the proposals being mooted for reform, and to direct the debate towards areas that risk being overlooked.

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