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 […]
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
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 […]
“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 […]
Some things never change. Governments still protect banks. It does not matter what they do, as with the Royal Bank of Scotland. Read here
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 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 […]
“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
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 […]
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 […]
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