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
Financial Institutions
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 […]
Economics
Iain Macwhirter: Carillion and the RBS ‘hang themselves’ memo proves it’s all over for neoliberalism
“This era of capitalism is already a dead parrot.” Thus ends the article. All before it is just as straightforward – and that in a newspaper that is not lefitst! Read here
Austerity
Jihen Chandoul: The IMF has choked Tunisia. No wonder the people are protesting
The IMF claims to have learnt from its mistakes and writes lovely papers criticising its own policies of the past. Still they have not swerved an inch from their traditional policy of brutal austerity. Read […]
Corruption
Corporate Europe Observatory – ECB President Draghi’s membership of mega-bankers’ club is “maladministration”
There was absolutely no reason for Mario Draghi to be there – and many against his participation. The decision of the European Ombudsman to ask the European Central Bank President to end his membership of […]
Economics
Lino Zeddies: Money creation and inequality – an underexposed topic
Wrong! It is not only governments that create money. Financial institutions such as banks do too. Who controls the economy and how? Here some answers to the questions. Lino Zeddies is an economist Cross-posted from […]