Konstantin Bikas
The Future of Money Conference in Frankfurt
20 December, 2018On November 24th, Positive Money had the pleasure to attend The Future of Money conference that took place at the Frankfurt School Blockchain Center, initiated by Monetative, the International Movement for Money Reform, and the Blockchain Center. The main topics discussed … Continue reading
New Bank of England research adds to the case against loanable funds
10 December, 2018Understanding banks hasn’t always caused such difficulty for economists. In the first half of the twentieth century, theorists like Joseph Schumpeter outlined the role of banks in creating and allocating money. Unfortunately, the profession took a wrong turn in the … Continue reading
How has bank lending fared since the crisis?
5 June, 2018Under the current monetary system, bank lending is the main way in which new money is created. Banks’ lending decisions determine which sectors money is directed to which in turn has vast implications for the shape and stability of our … Continue reading
The Bank of England – Will They Or Won’t They?
4 May, 2018Next week, policymakers at the Bank of England will publish their latest interest rate decision. Markets had previously been confident in predicting the second rate rise in six months, but a slew of bad economic data and cautious comments from … Continue reading
How should we respond to the next recession?
30 April, 2018One would expect that when faced with a crisis of the magnitude experienced during and since the crash in 2008, authorities would coordinate their response. However, as Alfie Stirling points out in the latest Institute of Public Policy Research's (IPPR) … Continue reading
Bank of England Working Paper Considers Monetary Policy’s Effect on Inequality
6 April, 2018Ever since the Bank of England embarked on its £445 billion quantitative easing programme and cut interest rates to record-low levels, it’s faced criticism that these policies have boosted inequality. Positive Money is pleased to see that staff at the … Continue reading
Consumer credit approaches 2008 peak
28 March, 2018With consumer credit approaching its 2008 peak there are increasing concerns about what will happen if there's an economic downturn. According to Jonathan Davidson of the Financial Conduct Authority (FCA), there are a significant number of households for whom “the … Continue reading
The Government is running a surplus, but should we be celebrating?
12 March, 2018Britain has eliminated the deficit on its day-to-day budget, the target originally set by George Osborne when he imposed austerity on public services in 2010. ONS figures recently released showed that for the first full year since 2001, the UK … Continue reading
Why I care about Sovereign Money
15 February, 2018Positive Money's new Economist, Konstantin Bikas, shares the reasons why he cares about Sovereign Money. Where does money come from? It is surprising how often people will get the answer to this question wrong. It was eye opening for me … Continue reading