Inspired by Ha Joon Chang’s 23 Things They Didn’t Tell You About Capitalism (2010) (where you learn for example that the Nobel Prize for …
Archives for April 2011
Monetary Reform Myths #1 – The 10% Reserve Rule
This blog is part of a series on the veracity of various bits of information floating around the topic of Monetary Reform.... Update: This …
Treasury Select Committee: British Bankers' Association Refuses to Speak
The Treasury Select Committee is a cross-party collection of MPs that has done a pretty good job of interrogating the banks. Interestingly, …
NEF's Response to the Vicker's Commission
Josh Ryan-Collins, one of the co-authors of our submission to the Independent Commission on Banking, has written on the NEF blog about the …
Article at Liberal Conspiracy from Positive Money on the ICB report
Below is an article on the Liberal Conspiracy website from Positive Money. Expect an in-depth analysis on this blog later on …
How the Dutch Treat their Banks
On March 22nd Jan Hommen, the chief executive of Dutch bank ING, announced that on second thoughts he would forgo his bonus because he and …
The Confidence Trick
Modern banking is based on a confidence trick. The confidence trick is known today as fractional reserve banking. The original confidence …