In the News

Home » Blog » In the News

Marco SabaFirst let we define the unresolved liability of 'currency in circulation' in the Bank of England balance sheet: http://leconomistamascherato.b......

3 days ago

James MurrayGeorge,Perhaps it would help us to digest your assertions if you could provide some links to support them.Do you really believe that "Publicly made goods are always cheaper than private goods" ...?I do admire your faith, and will use it to explain why every Socialist State over the last century was ...

3 days ago

James MurrayDavid,I agree that we are now very much relying on service industries but as a nation that is the 5th or 6th largest in the world, we must be doing something right.And the Tory Government, again, must be doing something right as the electorate seem to trust them, to your horror it appears.And if it ...

3 days ago
latest comments - view discussion

bankster01Suggested again in email to Carney and Hammond that Sovereign money could be used to improve infrastructure. Main benefits are taxes can be lower, less need for public and private borrowing, less need for austerity, and it helps to pay down existing debts. Deflationary pressures are very strong at t...

22 hours ago

James MurraySteve,I am afraid that your hypothetical cannot not cut any mustard, despite the consequences.PM exists, amongst other things, to push towards a reform of the banking system and to add a specific tool, Public Money Creation - PMC - to the Treasury/Bank of England toolkit to deal with the monetary sy...

3 days ago

SteveBI am wondering how a cross section of PM supporters would respond to a right wing government introducing new monetary approaches to further advance policies that those supporters might totally disagree with?The PM campaign has been non-partisan in terms of a political position, preferring to focus o...

4 days ago
latest comments - view discussion

Roger Glyndwr LewisJim,It is a class war I´m afraid and politicians are either to stupid to know or to corrupted to care about the levers of social control manipulated by the Oligarchs of the money power. The ones that do know , find out or oppose the status quo are sidelined by the system filtered out if you will as...

4 days ago

James MurrayRoger, you have me foxed....You say, "It serves the political class to preserve the power in the hands of Banks"I must ask how it dies so serve politicians to hobble economic growth, increase the rich/poor divide and encourage boom and bust?These are all vote-losing effects ("it's the economy stupid...

4 days ago

Roger Glyndwr LewisFor me the design of the monetary system is captured perfectly by Carol Quiqqley in Tragedy and hope, he puts it thus. ”The value of goods,expressed in money, is called “prices,” while the value of money, expressed in goods, iscalled “value.” p.49 (Commercial Capitalism) Quiqqley shows how...

4 days ago
latest comments - view discussion

Roger Glyndwr LewisGreat Interview, watching the situation not pannicking and challenging the false starting point adopted in most discussion on Finance and money is paramount. David Malone (GolemXIVblog) is running for leadership of the green party , the hustings are ongoing at the moment . David is running on a Demo...

2 weeks ago

James MurrayFran,Good interview and especially clear - probably because it was a Q & A session which is always more easy to follow and therefore more interesting. I do believe that this blog would benefit from a transcript, suitably polished up, and that same transcript below any clip that appeared on YouTu...

3 weeks ago
latest comments - view discussion

Marco SabaUK: The first Monetary Commission was the one of 1293 (22 Edward I.) which was appointed to examine the various coins employed throughout the kingdom, and report upon the same to the king. The text of the instructions to this commission is preserved in Madox's " History of the Exchequer", i, p. 29...

3 weeks ago
latest comments - view discussion
d
c
back to top