A summary of a brilliant new paper from the IIPP on the need for credit guidance policies, confirming one of the conclusions of the blog 2 weeks ago.
Tag: banks
A detailed look at what QE is, how it worked, and how it has inflated share prices without helping the economy.
What is “repo” and what is its connection to the rise in wealth inequality and economic instability?
This is the first anniversary of the blog, and as it happens I’ve just finished 3 months of posts on one subject and am about…
A logical proof that the explanation in textbooks of why the saving-investment holds must be wrong, so that you can fully understand the implications of this identity, explored in the rest of this section.
Over the last few weeks I’ve outlined how our current monetary system works, what problems this causes, and briefly outlined some of the ideas currently…
Last week I introduced you to the “Sovereign Money” movement. An international network of organisations has sprung up since the last financial crash campaigning for…
So what can be done about our systemically flawed monetary system? Well I’m afraid if you’re looking for easy solutions you’re in the wrong place…
Over the last 2 months I have given an overview of how our monetary and banking system work, particularly in the area of money creation…
Last week I pointed out the fundamental, systemic flaw in our current monetary system: The money supply can only expand through an increase in private…