We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows. Read here
In June 2018 Switzerland will hold a referendum on its national constitution. The proposal, known as the Vollgeld Initiative (VGI), would transform the Swiss money and banking system, putting an end to private banks’ ability […]
Neo-liberalism has been so successful, among other reasons, that most people do not understand economics. Austerity would never have been possible with well-informed citizens. Positive Money is trying to disseminate knowledge concerning money – something […]
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 […]
This cannot continue. Governments are obsessed with growth, but the world’s resources are limited. What are the alternatives? On 18th January 2018, Positive Money launched a new report which sets out why governments […]
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 […]
From how UK banks create money to how they managed to lose so much of it in the last crisis, there are some persistent misconceptions that must be challenged. A bank’s privilege is not only its ability […]
As long as investors pour money into industries that promote climate change, there is not chance of the Paris Accord succeeding. Rob Macquarie is an economist at Positive Money. He leads Positive Money’s research on climate […]
The Bank of England’s quantative easing (QE) has resulted in a radical increase in inequality in the United Kingdom. Positive Money calls for a change in policy – QE for People – to roll back […]
For some reason there still seems to be a discussion about if the wealthy have inordinately profitted from quantative easing (QE). Postive Money comes to the usual answer: unequivocally yes, Robin Hood in reverse as […]
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