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Stamatis KavvadiasExcellent article! I did not yet get to the point of the video where Leadsom speaks, but I enjoyed your article Ben.I have a serious (non-political) concern on a point you make in this article for the first time:"The stock of money in the economy would always be growing at some rate, and the Committ...

1 hour ago

ConradJonesHi John, there is a very interesting re-evaluation of what happened in the Weimar Republic's hyperinflationary period during the 1920s."At first, the speculation was fed by the Reichsbank (the German central bank), which had recently been privatized. But when the Reichsbank could no longer keep ...

5 hours ago

Chris Killer"This framework should reassure financial markets and investors that the government is about to go on a Zimbabwe-esque spending spree." I think you need a 'not' in there somewhere Ben!...

6 hours ago
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sacicrI listened to the debate. I would love to here from economsts and monetary reformers an analysis of the debate. For instance, Steve Baker was right to say that what we have now is not a free market, but a monopoly on creating money as a debt. His solution was bitcoin and other free currencies. I wou...

2 days ago

vinceWell done Fran you should be very proud all your hard work in helping get this debate rolling.PM has lit a fire that might one day bring the end to hundreds of years of banking sleight of hand....it would rank as one of the most outstanding socio-economic revolutions in recent history if it can be p...

4 days ago
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ConradJonesFrom the Federal Reserve website:"The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserv...

4 hours ago

GeorgeI stopped the video on 4:03 and counted 17 MPs. Is this an indication of how important the issue is to the political parties?...

13 hours ago

ConradJonesRJ:Can you please declare which Bank you work for please?...

15 hours ago
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Growth: the destructive god that can never be appeased (Guardian)

guardian_monbiot

Another crash is coming. We all know it, now even David Cameron acknowledges it. Or perhaps it’s inaccurate to describe this as another crash. Perhaps it’s a continuation of the last one, the latest phase in a permanent cycle of crisis exacerbated by the measures (credit bubbles, deregulation, the curtailment of state spending) that were supposed to deliver uninterrupted growth, writes George Monbiot in the Guardian, 18th November 2014.

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