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Marco SabaHere is the text where I explain this point: Seigniorage: The Honest Government's Guide to the Accounting of the Revenue from Money Creation http://leconomistamascherato.b......

December 2016

James MurrayHi Marco,I am still not certain that I understand.I believe you are saying that newly created money becomes a Government asset which is then able to be spent.This asset must be balanced (in the books) with a corresponding liability owed by 'the sovereign people', but to whom?Then you mention the 'ba...

December 2016

Marco SabaI mean that when the government will cash in in the banks liability from money creation there will be no need for taxation because this asset alone is currently (in Italy) two times the state budget.Banks liabilities from money creation are here 1.8 trillion Euro each year....

December 2016
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Coley54321CENTRAL banks really are the problem - all across the Globe. As is Keynesian economics....

October 2016
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Monetary policy risks provoking political backlash, campaign group tells MPs

QE bank of england

The Bank of England’s quantitative easing programme risks prompting a catastrophic loss of public trust in how the UK economy is managed, Positive Money warns. The campaign group’s director said that the public will “rapidly run out of patience”, as QE drives up inequality and effectively provides a subsidy to foreign-owned corporations.

SimonMPs need to understand where money comes from, and how it is removed from the system. Are they happy with the status quo, where nearly all money is created by commercial banks, or should the Bank of England be creating some or all of our money, is the present system of QE desirable ? They need to an...

September 2016

Michael Wallace EllwoodFor the record, I emailed my MP asking her to attend the debate, but so far have received no reply. (However, I believe she got married not long ago, so perhaps she has some excuse ...). Seeing the remarks above referring to the Independence of the bank of England, respectfully I beg to differ with ...

September 2016

Marco SabaYou have to read this to understand that something is broken in bank accounting for money creation: US G.A.A.P.: bank's demand deposits are NOT an IOU http://leconomistamascherato.b......

September 2016
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James MurrayMy interest in Richard Murphy has been piqued with the rise of Jeremy Corbyn and his PQE.RM apparently is the guru for this so-called Corbynomics and so, I imagine along with many others, I have bought his book The Courageous State.I did find a huge amount to agree with in the book - it was full of ...

September 2015

Mighty OafA standard Richard Murphy response unfortunately. Starts a debate, and then attacks those that don't agree with him, effectively closing down the debate by stating definitively that alternate views to his show misunderstanding. His attitude to debating is woeful....

June 2015

Barney RubbleSadly Richard Murphy initiated this debate but could bring not himself to respond or dispute any of the arguments made by Ben Dyson. Instead, he offers this rather poorly worded attack on Ben. Why start a debate only to end it like this. Concession of defeat?Richard Murphy: "What can I say barring t...

June 2015
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