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Marco Saba"...the FED was able to buy unlimited quantities of Treasury securities outright, through the creation of central bank reserves" - here is the problem. By submitting the Treasury to a private banking cartel to borrow new money it sound like a submission perversion of the powers of the Congress to th...

2 hours ago
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James MurrayYet again, very well explained Frank. It is a pity that such a classic, timeless account is only found in a blog and not on a more accessible webpage on the site. I realise that there are four tags, but wonder if those searching for such a clear explanation of the functions and effects of the BoE's ...

Yesterday

Vince RichardsonCatch 22 sums this up perfectly.We spend much time,or at least economists,polticians and the media do ,arguing about how to put things right.In the current system we have that is impossible.Such a waste of talent and effort.Sometimes you just have to think outside the box....

2 days ago
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Marco SabaEuropean Commission: Money creation may involve State Aid to banks http://leconomistamascherato.b......

2 days ago
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Tony HarveyThe talk freezes before resuming often and after about 12 mins 25 secs freezes permanently. I can't get it beyond there. I am using a modern computer and operating system at a public library. Anyone else experiencing this?By the way I have read Prof John F Weeks' ascerbic book right through 'How Mai...

2 days ago
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Cryptolutionyes 'cos "General idea's" are what it takes to sort out this economic and monetary mess......

3 days ago
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