Yesterday, the United Nations held a high-level conference on how to finance the Sustainable Development Goals (SDGs). We have therefore …
Economic Analysis, Theory
Review of “The Production of Money: How to Break the Power of Bankers”
Summary Ann Pettifor’s new book, The Production of Money, is an excellent contribution to the growing body of thought exposing mainstream, …
Money Creation & Interest: Is there enough money to pay off all the interest? (Part 2)
This is the second part of our article dealing with the argument that bank lending must lead to escalating debt because banks don't create …
The ‘business as usual’ budget
With this week’s budget, the Chancellor doubled down on a failed economic model. The government will continue cutting spending into the next …
The role of central banks in enhancing green finance
An interesting paper by Ulrich Volz on the role of central banks in enhancing green finance was published recently, originally on the UNEP …
Money Creation & Interest: Is there enough money to pay off all the interest? (Part 1)
There is a lot of confusion about the role interest plays in the current monetary system. It is often suggested that the fundamental problem …
Banks are lending to buy houses, not build businesses
The days of the credit crunch can seem to be well and truly behind us. 2016 was the second successive year when bank lending to the economy …
Exposed: The banks’ £23bn hidden subsidy
Who controls the creation of new money? Many people might answer ‘the state’ or the ‘central bank’. But the hard currency printed by the …
Dead or Dying… A Requiem for the Traditional Banking Model
The truth about the traditional banking model: it is dead. Ok, to be temporally current, it is dying. Six reasons why: 1) Banks can’t …