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robinbaldockok having read through them briefly, both of those do mention the role national investment banks could have, but that is not same is it? Labour has a proposal for national investment banks and just made huge advances in being taken seriously, maybe even having a chance at putting a govt together (u...

6 days ago

robinbaldockTheir central proposal, however, is sovereign money creation (but maybe that is what you mean by "alternatives to QE", I'll have to read): it is the core purpose of the organisation: http://positivemoney.org/ou......

6 days ago

robinbaldockthat is a far better answer. thanks, I'll check those out. I was replying to zac who seemed to be representing positive money and had nothing positive to say by the way. That is not the same as making sweeping statements; it was a direct reply to a post by a representative....

6 days ago
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medialAxis"If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society."Yes. AISI, if their proportional gain is greater than the workers then over time, with further gains in productivity, the gap between machine owners and workers will widen...

last month

SimonVery good point David. In theory, extreme automation should reduce the cost of everything so less money is needed. If the machine owners do not pass on most of the cost savings, then their machines need to be taxed to support general society. Maybe land value taxes need to be considered, and restrai...

last month

medialAxisHere's a very simple puzzle about increased productivity I've posted elsewhere:The 100 villagers work in the fields earning £40/wk (£1/hr) with which they buy the crops they grow and convey to the market each week. They decide to fix the potholed roads and for 5 of them to maintain them full time....

last month
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Lucian AerisSpot on....

last month
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SimonOften because they have to, it is the main way money currently gets into the economy....

February 2017

Sumal RajWhy do people borrow? does people borrow just because the interest rates are low.,,,...

February 2017
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