An old Japanese recipe for thwarting economic recessions – Public Money Creation! (A History of Public Money Creation, Part 5)
16 January, 2016Throughout history Public Money Creation has been the norm, rather than the exception. Here’s why Japan was able to kick-start growth in the middle of a global recession. Throughout history, governments have used their ability to create money to fund public spending. While none of these policies were called, “People’s QE”, "Strategic QE", “Sovereign [...]
The Story of Our Economy in 2015: A cocktail of household consumption, household consumption, and more household consumption
11 January, 2016Debt-fuelled consumption underpinned economic growth in 2015. Without upgrading the policy ‘toolkit’ available to the Bank of England, the UK economy could come undone in the years to come. Increased household spending, financed by soaring levels of consumer debt and the lowest savings ratio in history, continued to drive the UK economy in 2015. [...]
Public money creation where you least expected it! (A history of public money creation Part 4)
8 January, 2016Throughout history, Public Money Creation has been the norm, rather than the exception. What can we learn from money creation by the former Colony of Pennsylvania and the Island of Guernsey? Throughout history, governments have used their ability to create money to fund public spending. While none of these policies were called, “People’s QE”, "Strategic QE", [...]
Who Are The Prominent Academics Who Advocate A Different Type of QE?
7 January, 2016In a recent post Positive Money showed that there is a strong intellectual body of history behind the various alternative proposals for QE. Both John Maynard Keynes and Milton Friedman proposed a style of Quantitative Easing (QE) that was aimed at the real economy. Today, these types of proposals are commonly referred to as “QE [...]
Who are the Prominent Economists Working in the Financial Sector that Advocate a Different Type of QE?
23 December, 2015Did you know that there are a number of prominent economists working in the financial sector that are in favour of a different type of QE? Is it surprising that they are in favour of central banks creating new money for the real economy rather than the financial markets? In a recent post Positive Money showed that there is a [...]
QE for People – Even the Ancients Were Doing it! (A History of Public Money Creation Part 3 of 8)
20 December, 2015Throughout history, Public Money Creation has been the norm, rather than the exception. What can we learn about money creation from Ancient China and the Roman Empire? Throughout history, governments have used their ability to create money to fund public spending. While none of these policies were called, “People’s QE”, "Strategic QE", “Sovereign “Money Creation”, [...]
Who are the Prominent Policy Makers Thinking About Different Types of QE?
18 December, 2015In a recent post Positive Money showed that there is a strong intellectual body of history behind the various alternative proposals for QE. Both John Maynard Keynes and Milton Friedman proposed a style of Quantitative Easing (QE) that was aimed at the real economy. Today, these types of proposals are commonly referred to as “QE [...]
Recovery in the Eurozone, Using Money Creation to Stimulate the Real Economy (NEW Report)
17 December, 2015Positive Money has today released a report showing that the European Central Bank’s Quantitative Easing programme will fail to deliver the type of recovery that the Eurozone needs. Instead the ECB should create new money and inject this money into the real economy rather than the financial markets. Actually, our estimates indicate that putting newly created [...]
Hyperinflation: How the Wrong Lessons were Learned from Weimar and Zimbabwe (A History of Public Money Creation Part 2 of 8)
4 December, 2015Did you know that most economists don't really know what actually happened in the periods of hyperinflation of the Weimar Republic and Zimbabwe? Throughout history, governments have used their ability to create money to fund public spending. While none of these policies were called, “People’s QE”, "Strategic QE", “Sovereign “Money Creation”, or “Helicopter Money” (what [...]