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Senior economists queue up to dismiss textbook explanations of our monetary system 27 Aug 2013 | 02:41 pm
For decades now, the major economic textbooks have been teaching an explanation which is not just wrong, but back to front. The textbook explanation involves the assumption that banks repeatedly len...
BBC Radio 4: Money isn’t real! 25 Aug 2013 | 12:44 am
Last night’s comedy show on BBC Radio 4 on the question “Where did all the money go?” assisted by Gillian Tett and Max Keiser is very well worth a listen. They do eventually get to the point! LISTEN...
Deposit insurance is a farce 22 Aug 2013 | 06:34 pm
Summary: Deposit insurance is a farce because the premium charged wipes out the additional interest earned from making an investment that involves any sort of risk. Disposing of that nonsense leads ...
The cancers at the heart of the banking system 21 Aug 2013 | 06:38 pm
“The cancers at the heart of the banking system are explicit and implicit deposit insurance, destabilising the system, creating financial crises and creating huge implicit government subsidies to bank...
Standard & Poor’s Explain Money Creation: “Banks can not and do not ‘lend out’ reserves” 20 Aug 2013 | 08:11 pm
This is a must-read report by Standards & Poor’s, the world’s leading credit rating agency. The title is clear: “Repeat after me: Banks can not and do not “lend out” reserves”. In this economic resea...
Positive Money: The gateway to a sustainable economy? 20 Aug 2013 | 03:55 pm
Guest blog by Ocean Love: As I sit at my computer trying to find a way in to this article, I feel like Alice attempting to report from Wonderland. Put frankly, economics inhabits a different reali...
Positive Money on BBC Radio4 again! – Wed 21st Aug 8pm 19 Aug 2013 | 05:14 pm
We’re happy to let you know that the ‘Four Thought’ talk that Ben Dyson, the founder of Positive Money, has given for the BBC Radio 4 last year, has been picked up for a ‘Best of 4 Thought’ series! In...
Why do you support Positive Money? 17 Aug 2013 | 08:28 pm
Why do YOU think that we need to reform the money system? You might think, “Where do I start?!” There are so many reasons for it, aren’t they? We would like you to tell us (and the world) why do you t...
Economic recovery – Three simple facts that can not be ignored 16 Aug 2013 | 08:12 pm
Economic Recovery Fact One – Economic growth is achieved through increased consumer demand for goods and services. Fact Two – The demand for goods and services is controlled by the power of consumer...
Economic Recovery? – “Alice in Wongaland Economy” 16 Aug 2013 | 05:01 pm
Ann Pettifor, director of Prime Economics, has eloquently punctured the myth that the economy is improving - with a great soundbite calling Britain an “Alice in Wongaland” economy (after the payday lo...
