Poverty, Debt and Inequality

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quadlateralThis socialist/capitalist dichotomy is pretty useless, when we have self-claimed capitalist countries like the US, which were built on highly socialist, governmental programs (see New Deal, the great dam projects, or how the US is today handing out "food coupons"). Some things are better left to pri...

4 weeks ago

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

July 2016

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 ...

July 2016
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James MurrayAnd RJ,There was much hilarity when it was posited that you should have been sponsored to attend last Saturday's course on PM Speaker Training. Many supported the tragic abscence of your incisive grasp of Journal Entries and Bank Reserves. Ah well, we just managed to struggle on without you.Best,Jim...

July 2016

James MurrayDo y'know, I have a sneaking feeling that Andrea Leadsom may be the best thing happening in politics for Public Money Creation.She was the Treasury Spokesman at the Positive Money Sept 2014 debate at the House of Commons.There, she did not really speak against as much as ask a bunch of questions, wh...

July 2016

Sumal Rajwhat percentage of money would be bank expenses and dividends considering the economy as a whole??say for a year??...

July 2016
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T. TatsmakiImminent: The General Cleaning by the Creators against the Earth under capitalist system of plutocratical slave domination, against all kinds of reformism Apr. 10, 2016 T. Tatsmaki (Japan) ★ 2017: The US East and CA State sink into the sea Then British Islands sink into the sea EU countrie...

April 2016

James MurrayFrank,You are quite clear in all you write but I would go on to explain the benefits of adding Sovereign Money Creation to the Government's monetary policy toolkit and why allowing central banks to create money for the real economy would stimulate people’s incomes without the corresponding increas...

April 2016
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Crash"But changing now would be a massive change. Costing a fortune and taking many years (10 years minimum) And it wouldn't achieve much. Banks would still recycle money as Lord Turner pointed out. So if Crash invested £100,000 of reserves. This could be invested in Lloyds who loans to RJ who invests b...

February 2016

James MurrayYou say this is a "first rate post" from Frank. And yet go on to contradict what he says.Why do you insist on peddling your incomplete and confusing posts?You have been saying the same things through the four years you have been "contributing" to these pages.You dribble on about BoE reserves and ins...

February 2016

RJI have said that if starting completely from scratch I would likely go the sovereign money route. Although all this means is all money would equal central bank reserves (notes and coins would be a token for reserves rather than a token for bank credit).But changing now would be a massive change. Cos...

February 2016
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mervynhydeSadly Max was far too frequently talking over Liz instead of listening, he is right about corruption being at the heart of decision making but actual money creation could empower people to the point where the corrupt can be side-lined. What most do not understand though, is that the total plan has b...

November 2015
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