The Bank of England finally admits high house prices are determined by finance, not supply and demand In a duo of fascinating blog posts …
Economic Analysis, Theory
Modern Monetary Theory and Positive Money, Part 3: Shadow Banking
As part of our series of blogs examining the relationship between Modern Monetary Theory and Positive Money’s proposals, this guest post by …
To beat a no-deal Brexit, the government and Bank of England must work together
This week marks 10 years since the Bank of England introduced its quantitative easing (QE) programme, setting in motion the creation of …
Bank of Canada research finds Digital Cash could ‘improve social welfare’
A Staff Working Paper published by Canada's central bank last week concluded that a central bank digital currency (CBDC) could address the …
Should credit be guided? (IIPP)
This blog was originally posted on the UCL Institute for Innovation and Public Purpose blog, hosted on Medium. In academic and policy …
The Future of Money Conference in Frankfurt
On November 24th, Positive Money had the pleasure to attend The Future of Money conference that took place at the Frankfurt School …
New Bank of England research adds to the case against loanable funds
Understanding banks hasn’t always caused such difficulty for economists. In the first half of the twentieth century, theorists like Joseph …
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 …