Economics blogger Frances Coppola writes that "Martin Wolf proposes the death of banking", in response to his article last Friday advocating …
Search Results for: central banks
“Strip private banks of their power to create money”: Financial Times’ Martin Wolf endorses Positive Money’s proposals for reform
[first]Positive Money's proposals have just been advocated by Martin Wolf, the chief economics commentator at the Financial Times, in an …
Banks don’t work the way you think – but they should
While the EU toils over legislation aimed at improving the safety nets around banks, it's worth asking why banks are such inherently …
When people don’t believe you that banks create money…
A couple of years ago I remember trying to explain to my mum how money is created. Despite doing my best, she didn’t believe …
UK banks benefited from £38bn ‘too big to fail’ state subsidy
Britain's biggest banks benefited from a "too big to fail" subsidy from the taxpayer of £38bn last year, according to a leading …
Standard & Poor’s Explain Money Creation: “Banks can not and do not ‘lend out’ reserves”
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 …
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 …
How failed banks on life support can grant humungous bonuses
In the May 21st edition of London's Evening Standard its financial editor Anthony Hilton laid into the Basel regulatory endorsement of …
Subsidising Banks
Are banks really the powerhouse of the UK economy? Or could they be some of the most heavily-subsidised businesses in the world? The …