In the News

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RJ"So how does a loan, whose interest is never created, get repaid? In a static or declining system, it requires someone else’s principal being used. In other words, not creating the money to pay interest is the device used to generate the scarcity necessary for a bank-debt monetary system to fun...

5 hours ago

@rogerglyndwrlewisHi James,I just re-joined the discussion to see why my Disquss account would not log on. The green Party Facebook group is discussing this at the moment. Interesting discussion as per usual. The level of public awareness is still very low. Without PM it would remain next to non-existent....


Roger G LewisHello RJ,The Job Guarantee is i think a little old fashioned and I think Citizens Income is a better reflection of modern technology and a move towards a leisure based pluralistic economy. This Article on the Swiss Citizens Icome referendum is very insightfull.http://leconomistamascherato.b...''Howe...

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SimonIt is a good scheme for banks, as much of their lending is for property, and they have an asset in case of default. Many MPs are invested in Buy to Let so have no incentive to change....

1 weeks ago

ConradJonesThis is one of those political policies that never get's properly understood by any political party, and the key reason for that is .... I just don't know why. Ignorance of MPs? Help-To-Buy is inflating house prices, making it harder for everyone to afford a home. Shelter have researched the effec...

2 weeks ago
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Will encouraging people to get into more debt do the trick? (LBC radio)

"The Bank of England is relying on the same failed policies that we've seen in the last seven years - low interest rates and quantitative easing - which can only work by encouraging more private sector borrowing. But given that businesses and households are expected to cut spending due to the economic uncertainty, it's quite unlikely that they are going to borrow and get into even more debt."

Leading economists to Chancellor: time to support alternatives to quantitative easing

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35 leading economists sent an open letter to Philip Hammond asking that he supports a new form of monetary policy. Responding to concerns expressed by the Prime Minister that low rates and quantitative easing have disproportionately benefited the wealthy, the letter argues that new monetary policy tools could stimulate the economy without contributing to inequality.

SimonPositive Money has tried to get academic institutions to reflect modern realities, with limited success. If engineering or medicine adopted such a "head in the sand" approach, the people responsible would suffer the consequences. Economists and academics should be held to account much more than they...

3 weeks ago

PJMI believe it is essential that the whole truth, and nothing but the truth, about money and banking be taught to all students in all secondary schools and tertiary institutions.In Auckland, New Zealand, where I live, I've pointed out in a letter to the Vice Chancellor of The University of Auckland th...

4 weeks ago

Barry Turner-NewallI was rather hoping that May and Hammond would offer something different to more of the same. These policies have not stimulated the economy in eight years. But then again they, like the vast majority of politicians, subscribe to the same flawed view of global economics....

4 weeks ago
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