Understanding banks hasn’t always caused such difficulty for economists. In the first half of the twentieth century, theorists like Joseph …
Economic Analysis, Theory
Another top economist supports our Digital Cash proposal
As we explored last week, our proposal for Digital Cash in the form of a central bank digital currency (CBDC) is rapidly gaining the …
A Government is not a household
Claims of ending austerity ring hollow, unless we do away with the 'household' fallacy The single greatest masterstroke of the …
Modern Monetary Theory and Positive Money, Part 2: Money and Debt (2)
This is the third in a series of blogs looking at the relationship between Modern Monetary Theory and the proposals made by Positive Money. …
Modern Monetary Theory and Positive Money, Part II: Money and Debt (1)
This is the second in a series of blogs looking at the relationship between Modern Monetary Theory and the proposals made by Positive Money. …
Average UK household lost at least £23,000 in decade since financial crash
10 Years On campaign launches tool allowing public to calculate how much they’ve lost out since 2008 crash Analysis comes …
Modern Monetary Theory and Positive Money, Part I: Intellectual roots and focus
This is the first in a series of blogs looking at the intellectual and practical relationship between ‘Modern Monetary Theory’ and the …
Bank of England raises interest rates: Positive Money response
Responding to the Bank of England's decision to raise interest rates to 0.75%, Fran Boait, executive director of Positive Money …
The History and Future of QE: 3 ways the Bank of England’s analysis falls short
As Positive Money likes to point out, quantitative easing (QE) is a policy almost without historical precedent. With only scant and rather …