Central banks like to maintain that interest rates are the main way they can influence the economy. But behind this there are more powerful …
central bank
Father Christmas visits the Bank of England
This morning Father Christmas helped us deliver an early Christmas present to the Bank of England to expose a dirty secret: its support for …
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 …