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RJBut this is incorrect and shows the writer hasn't a clue how the US treasury system works"This should be funded directly by Fed-printed money (not bonds bought by Fed-printed money), thereby directly increasing the money supply. "Whenever the US spends it pays the banks with reserves created out of ...

Yesterday

RJGood article. But the writer is very confusedThis is almost right"Yes, through its program called "quantitative easing," the Fed has been creating money out of thin air and using it to buy U.S. government bonds. But because the Fed has been using this money to buy bonds that are simply kept on its b...

Yesterday

J Sumner (EthosDel)Is sustainably living on planet part if this equation in process?...

Yesterday
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RJThe UK Govt does not borrow money. It creates new reserves by JE whenever they spend. We borrow money from the banks (created by the banks by JE) if we are credit worthy and have to pay it back at the banks interest rate. State Govt borrow money as well as do Euro countries (from banks or the market...

17 hours ago
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Shirley WardellIt needn't be a deficit though. It could be 'sovereign money.'...

13 hours ago

Shirley WardellThanks for your insights James. The standard answers are pretty bland and a bit of a fog. I am pleased that the standard and foggy answers are changing and showing that some messages are getting through....

Yesterday

RJ2. Whether they accept that QE increases the National Debt and only ~10% ends up going through the hands of the banks to industry, outside of commercial property purchase.It doesn't of course. QE is simple an asset swap. Where bonds held by banks are swapped for reserves (one bank asset is swapped ...

Yesterday
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simonthorpeYou can petition the producers of 'In our time" herehttps://ssl.bbc.co.uk/programm...Here's what I have just told themOver 30,000 people have signed up to the Positive Money movement. They have been arguing, very coherently, that virtually all are current problems can be traced back to a totally bro...

3 days ago

simonthorpeWhy Dutch television? Why on earth can't th BBC do this too?I note that BBC radio 4 is proposing to do a Listener Week in November, with 3 programs that will present ideas proposed by listeners - Woman's Hour, In Our Tme, and Saturday Live.http://www.bbc.co.uk/blogs/rad...Isn't it the right moment t...

3 days ago
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