Austerity
John Weeks – Austerity
John Weeks explains why one does not need an economist to understand economics, why austerity in Britain was and is unnecessary, the importance of gilts in a society, and lots more.
Financial Institutions
Austerity
Sergio Cesaratto – Tragic but not serious: the surreal document of the 14 Franco-German economists
Surrealism is king! Germany and other European neo-liberal policy makers are trying to take control of Italy’s finances. As usual, neo-liberal economists are there to help. Sergio Cesaratto is Professor of Growth and Development Economics […]
Corruption
Nicholas Shaxson – How to Crack Down on Tax Havens: Start With the Banks
Nick Shaxson provides a good introduction to the opaque world of tax havens. Read here
EU politics
Positive Money – LATEST WEALTH DATA SHOWS DISPROPORTIONATE GAINS TO THE RICH DURING ERA OF QE
Lies, damned lies, and statistics. Mark Carney, the Bank of England’s Governor misused data to claim that in Britain the “poorest have gained the most” from the Bank’s quantitative easing programme. The newest statistics prove […]
Economics
BBC – Shaking the Magic Money Trees
There is a magic money tree! Governments need neither tax nor borrow to spend. They can create money – and lots of it. £435 billion was created for quantitative easing in Britain. Listen here
EU politics
Ulrike Guérot, Thomas Piketty, et al.: Democratising Europe begins with ECB nominations
Who runs Europe? The people? Not on your life. As a raft of renowned experts write, the new members of the European Central Bank, in the meantime a powerful institution, will be selected in secret […]
Economics
Richard Murphy – Socialising the economy
“Capitalism is dead on its feet.” There is little to debate here. The question is, what should follow? Richard Murphy makes 12 suggestions. Richard Murphy is Professor of Practice in International Political Economy, City University […]
EU politics
Renegade Inc: The Royal Bank of Scotland & the largest theft anywhere, ever…
Some things never change. Governments still protect banks. It does not matter what they do, as with the Royal Bank of Scotland. Read here
Corruption
Norbert Häring: The Curious Silence of the British Media Regarding Mark Carney and the Secretive G30
Mario Draghi has been forced to leave the opaque G30. If the head of the ECB should not be there, why is the head of the Bank of England still a member? Read here
Climate Crisis
Positive Money – CENTRAL BANKS NEED TO GO GREENER, FASTER
Climate change is a major finacial risk. Central banks acknowledge that. Why are they not doing anything about it? By Rob Macquarie, who leads Positive Money’s research on climate policy and the monetary system. Cross-posted […]