Using money creation to increase aggregate demand is not a new idea. In fact it has been advocated by some of the 20th century’s most famous …
Archives for 2015
Vince Cable: rising debt and cheap money risk an economic storm
Former Business Secretary Vince Cable was famously one of the only senior parliamentarians to predict the last financial crisis. And he’s …
Banking in the public interest needs action here and now
The danger of allowing private banks to create money with no oversight was ruthlessly exposed in 2008, when unfettered credit …
Radical New Central-Bank Thinking? The Case for Monetary Finance (by Adair Turner)
The International Monetary Fund has held its sixteenth annual Jacques Polak Research Conference on 5-6 November 2015. The …
Can public money creation work? Some answers from Canadian history
The theoretical and policy arguments for monetary reform are becoming more accepted by economists and establishment figures. The …
Six obstacles that block the creation of a new financial system
Inflation phobia The main obstacle for public money creation has already been mentioned in the previous post: the fear that the creation of …
People’s quantitative easing – isn’t it just printing money? (Podcast)
Listen to the this Weekly Economics Podcast with Fran Boait, Director of Positive Money, talking about People's Quantitative Easing. Why is …
Swiss citizens’ initiative collects 105,000 signatures, triggers referendum on Money Creation
The Swiss population will be the first in the world to vote on their banking and monetary system, thanks to the tireless efforts of a …
Breaking Taboos: David Graeber’s thoughts on the next crash
Setting out to break some of the deeply entrenched taboos pervading economics in Britain, David Graeber has written an excellent piece on …