Spencer Veale (Guest Author)

Modern Monetary Theory and Positive Money, Part 3: Shadow Banking

30 March, 2019
As part of our series of blogs examining the relationship between Modern Monetary Theory and Positive Money’s proposals, this guest post by Spencer Veale examines the shadow banking sector in the context of that relationship. Shadow banking, while exceedingly complex and notoriously difficult to grasp, has become central to the global financial system, as demonstrated [...]

When Entire Economies are Held Hostage

20 August, 2015
The recent dramatic events surrounding the Greek debt crisis had many of us on the edge of our seats as we witnessed history unfolding before our eyes. From the calling of the referendum, to the landslide No vote, to Tsipras’ subsequent capitulation under pressure from the Troika-- for many of us it was as gripping [...]