Our proposals have little to do with the economic school of monetarism, in the vein of Milton Friedman and the Chicago School. Instead, John …
Economic Analysis, Theory
UK Household Debt has Reached Unsustainable Levels (Video)
Consumer and student debt in the UK have reached unprecedented levels and are a warning that austerity could lead to a new financial crisis, …
The banking system is designed to fail (Financial Times)
Banking remains less safe than it could reasonably be. That is a deliberate decision, writes Martin Wolf, Chief Economics Commentator of …
The UK economy is hooked on rising asset prices. What happens when the bubble bursts?
UK household real wages have just experienced their worst decade since the 1860s, and are still falling. A concern is building that a …
Out of the Darkness: Can a reformed financial system solve the world’s biggest problems? (Video)
It has been 10 years since the financial crash of 2007-8 and the dysfunction of our banking system is finally under scrutiny. A recent event …
Ed Balls: “I genuinely have an open mind” about full-reserve banking
Former Shadow Chancellor discusses proposals for radical financial sector reforms LONDON, 19th September 2017 - Former Shadow …
Making monetary policy work for economic justice
Welcome news this week came from the IPPR Commission on Economic Justice with the publication of their interim report. Prominent voices in …
Britain 2018: We’ve never had it so bad
Last December, in a Bank of England (BoE) speech entitled the ‘Spectre of Monetarism’(1), its governor Mark Carney said that ‘over the past …
Could the Bank of England create money to pay into the economy as a Basic Income?
In televised debates during the recent general election campaign, several politicians made reference to there being no “magic money tree”. …