This is a must-read report by Standards & Poor's, the world's leading credit rating agency. The title is clear: "Repeat after me: Banks …
Economic Analysis, Theory
Economic recovery – Three simple facts that can not be ignored
Economic Recovery Fact One - Economic growth is achieved through increased consumer demand for goods and services. Fact Two - …
Economic Recovery? – “Alice in Wongaland Economy”
Ann Pettifor, director of Prime Economics, has eloquently punctured the myth that the economy is improving - with a great soundbite calling …
Illogical Economics – Guest post by Hawkeye
"If the great and the good didn’t spot this crisis coming then perhaps they don’t qualify to be called the great and the good", writes …
10 Good Reasons for Monetary Reform
How is the present monetary system affecting the economy and society, and why is it failing? I will summarize the problematic aspects of our …
Sovereign Money – a new website on monetary reform
Excellent website on Monetary reform by one of the sharpest minds on monetary questions - Prof. Joseph Huber - was launched recently: …
Some Further Thoughts on QE
Between March 2009 and July 2012, through the program known as Quantitative Easing (QE), £375bn of newly created money has been spent by the …
Monetary Reform, Government Spending and National Borrowing
Post monetary reform, as we at PM advocate, only the publicly owned institution, the UK Monetary Creation Committee, will be allowed to …
Banks don’t lend money
Professor Hyman Minsky once wrote “Banking is not money lending; to lend, a money lender must have money. The fundamental banking activity …