Change money change the world – Song (Video)
11 August, 2016"Since the crash of 2008 I have become very interested in the way our money system works.. or doesn't work.. and have been researching this extensively. I was really shocked however when I discovered that banks 'create' money and then lend it to us at interest, and it seems to me that all the other [...]
Will encouraging people to get into more debt do the trick? (LBC radio)
10 August, 2016"The Bank of England is relying on the same failed policies that we've seen in the last seven years - low interest rates and quantitative easing - which can only work by encouraging more private sector borrowing. But given that businesses and households are expected to cut spending due to the economic uncertainty, it's quite [...]
Can the Bank of England prevent another recession? (Podcast)
9 August, 2016The Bank of England has cut interest rates and announced more Quantitative Easing to avoid a post-Brexit economic slowdown. Will it bring the intended results? Fran Boait, Director of Positive Money, discusses this in the nef's Weekly Economics Podcast: You can read the open letter to the Chancellor that Fran mentioned in the interview here. [...]
Leading economists to Chancellor: time to support alternatives to quantitative easing
5 August, 201635 leading economists sent an open letter to Philip Hammond asking that he supports a new form of monetary policy. Responding to concerns expressed by the Prime Minister that low rates and quantitative easing have disproportionately benefited the wealthy, the letter argues that new monetary policy tools could stimulate the economy without contributing to inequality. [...]
Big Money Questions: How money is created? (Video)
30 July, 2016"How is money created? It masquerades as such a simple question, but it’s one that befuddles MPs, even economists and so many of us who happily use the stuff every day.", reads the article in The Daily Mail, 29th July 2016. In this episode of the Big Money Questions, Fran Boait, executive director of Positive Money and Felix [...]
Could new UK Prime Minister make monetary policy fairer?
23 July, 2016With Theresa May suddenly catapulted into the UK Prime Minister's seat after Brexit and the dramatic political events that followed, exciting new opportunities have opened up for our campaign for a fair, democratic, and sustainable money system. Last week Theresa May hinted her government might adopt a different approach to monetary policy. She called for [...]
Uncertainty as Brexit still not resolved, options remain (Interview with Fran Boait on RT)
5 July, 2016The government needs to think about the monetary policy as a potential tool in the toolkit, if, because of the instability, we go into recession, says Fran Boait, director of Positive Money in the RT interview:
Brexit Turmoil – Could Public Money Creation be on the cards?
4 July, 2016Fran Boait, Director of Positive Money, in an interview on the Islam Channel TV on the alternative policy to Chancellor George Osborne's tax rises and spending cuts: Public Money Creation.
IMF: The Truth about Banks
28 June, 2016Banks create new money when they lend, which can trigger and amplify financial cycles, reads the article published on the International Monetary Fund's website, written by Michael Kumhof and Zoltán Jakab. Here are a few highlights: "Most leading U.S. macroeconomists at the time supported 100 percent reserve banking.* This includes Irving Fisher of Yale and the founders [...]