People think that Central Banks ‘create money’ or ‘control the money supply’ but this is not true, reads this "Socialist in the City" …
Economic Analysis, Theory
George Osborne misses the real debt problem
The autumn statement given this morning by the UK's chancellor (finance minister) had the standard focus on the government's debts whilst …
A different kind of QE – stimulus injected into the veins of the economy
'The comedian Russell Brand has stirred debate with his talk of revolution. Russell Brand is more right than wrong. Pre-revolutionary …
Frankenstein’s bankers – the tale every taxpayer should know (Open Democracy)
It is now 5 years since the banking crash but its effects are still with us. What exactly happened, what has the world done about it, and is …
Quantitative Easing: What happened to the money?
Quantitative Easing (QE) created reserves to pay for bonds (eventually entirely government bonds) bought by the Bank of England …
What if the world economy fails to spring back to life? (Anatole Kaletsky)
Anatole Kaletsky's latest article is well worth reading. Entitled "Central bank stimulus is here to stay, but what if it fails?", Kaletsky …
The UK economy is “a long way” from normality
Growth is all very well but the UK economy is "a long way" from normality, the Bank of England's Paul Fisher has warned this morning (14th …
SOVEREIGN MONEY – Paving the way for a sustainable recovery (Report)
By fuelling our economy through ever-rising levels of household debt, we are repeating the mistakes that led to the 2007-08 financial …
Sovereign Money Creation vs Modernising Money
We've just released our new report, Sovereign Money: Paving the Way for a Sustainable Recovery, which explains why the current debt-fuelled …