It is now 5 years since the banking crash but its effects are still with us. What exactly happened, what has the world done about it, and is …
Archives for 2013
Quantitative Easing: What happened to the money?
Quantitative Easing (QE) created reserves to pay for bonds (eventually entirely government bonds) bought by the Bank of England …
Soaring UK personal debt wreaking havoc with mental health, report warns (The Guardian)
Poorer people are "bearing the brunt of a storm" during which average household debt has risen to £54,000 – nearly double what it was a …
What if the world economy fails to spring back to life? (Anatole Kaletsky)
Anatole Kaletsky's latest article is well worth reading. Entitled "Central bank stimulus is here to stay, but what if it fails?", Kaletsky …
The UK economy is “a long way” from normality
Growth is all very well but the UK economy is "a long way" from normality, the Bank of England's Paul Fisher has warned this morning (14th …
SOVEREIGN MONEY – Paving the way for a sustainable recovery (Report)
By fuelling our economy through ever-rising levels of household debt, we are repeating the mistakes that led to the 2007-08 financial …
Sovereign Money Creation vs Modernising Money
We've just released our new report, Sovereign Money: Paving the Way for a Sustainable Recovery, which explains why the current debt-fuelled …
Impacts of Positive Money reforms on Environment
The current monetary system negatively impacts on the environment in several ways. First, it creates a business cycle where recessions …
EDM: Formation of the post-crash economics society at Manchester University
As we have informed few days ago, a group of economics students at The University of Manchester have started a campaign to overhaul the …