Economic Analysis, Theory

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Day End SilentFrom Wikipedia -Between 1977 and 1983 May worked at the Bank of England,Did they not tell her how the system works?...

4 days ago

Vince RichardsonYes that shows that quite well it is being used currently.Though I note this is a controversial subject.Once your customers see what is happening they will adapt behaviour to try and get the best deal or you can end up upsettng your customers altogether,no one likes getting ripped off.As a football ...

2 weeks ago

Robert SearleThank you for your response. With respect, the method, or methods of achieving inflation "control" are already explained in the evolving "paper" on Transfinancial Economics. However, they are open to further research, and modification. And yes, it seems highly likely with the exponential advances in...

2 weeks ago
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James MurrayProfessor HuberAcademically, a well written, internally sound, riposte to the Bundesbank’s paper, "Remarks on a 100% reserve requirement"But an absolutely dreadful piece to appear on a blog and PM should be ashamed of allowing the piece to be published on these pages.Look. The object of a blog is ...

3 weeks ago

WesThe longest journey (Buba's admission) begins with a single step. Despite the many misconceptions perpetuating the Banking School myths, at least the journey has begun. Bravo for a well written response. I wonder if Professor Krugman will run this through his "dashboard"? A critical mass of public a...

last month
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Lucian AerisSpot on....

last month
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Setting the record straight: Sovereign Money is not Full-Reserve Banking

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The German Bundesbank has recently released an interesting report on the role of banks, non-banks, and the central bank in the money creation process. We have a few issues with the Bundesbank article; however, the majority of the analysis is good. More importantly, the conclusions drawn from the report by news outlets and the blogosphere are misleading.

HowardPerhaps because supporting sovereign money is the "third rail" of an economists career. Why? Because money is power.Bernhard Lietaer asked Paul Krugman, “Why, with all your influence, don’t you tell people how the money system works?Paul replied, “Didn’t they warn you about not touching the ...

last month

HowardSo much of the new money created today goes into speculation instead of the real economy. If new money created by government was spent, lent or gifted into the economy for things people really need and use wouldn't there be little concern about inflation? Inflation occurs due to money going to thin...

last month

Lucian AerisIt looks like the report is only in German, but from the summary it seems that the Bundesbank's economists think FRB wouldn't necessarily provide more stability than better regulations. It appears to me that this is an attempt by the Bundesbank to gently nudge the debate away from the proposal to re...

last month
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Positive Money’s submission to the Treasury Select Committee on the effectiveness and impact of post-2008 UK monetary policy

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The House of Commons Treasury Select Committee is undertaking a landmark inquiry into monetary policy. Our aim is to persuade the committee to acknowledge monetary policy’s bad side-effects and to consider the benefits of fairer and more sustainable monetary policy tools. With this in mind, we coordinated a joint letter from over 40 leading economists, as well as a statement from nearly 10,000 people.

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