Parliament & Legislation

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SimonMy father Bill Davies started looking at the money supply figures 40 years ago, when we had huge inflation in the 1970s. Dad wondered then how all the new money was created. The money supply has increased by 100 times since the early 1960s, and tripled in 11 years from 1997. The current governor of ...

9 hours ago

CHRIS hEYWOODAfter reading the three Party Responses and having sent a number of emails to my MP on various subjects, it strikes me that the art of not answering and not committing is alive and well. They don't understand the subject so they prevaricate. I studied and worked in Banking*50 years ago and it was on...

17 hours ago

SimonThe Labour reply is rather vague, along with Conservatives and Lib Dems. They seem to be unable to make the connection that increasing credit boosts the economy, then paying down debts will cause a recession. Restricting lending as they propose will slow the economy down, and make existing debt hard...

Yesterday
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SimonThe government does not create money when they spend. Neither is money destroyed by taxation because it is usually spent again immediately, unless the government uses some tax revenue to pay down the deficit / national debt. Even then, the holder of the gilt like me, or a pension fund gets their mon...

9 hours ago

RJJake is correct. re what you have posted. The deficit is not borrowed. the Govt like the banks simple create new money (reserves) by JE whenever the spend. And then drain these reserves by either tax (that makes us all poorer) or by issuing bonds once again created on a computer screen. So no borro...

Yesterday

SimonThe deficit is borrowed and at least part of it plus interest is paid back by the tax payer...

Yesterday
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Gregory SchoenmakersEven if the government issued the money directly, it would still be a debt for the government. The difference is that like the BoE, it wouldn't have to redeem these IOUs for anything; they just call it "legal tender". (It is different for private banks which must be willing to redeem their created b...

2 weeks ago

Gordon BrooksThat brings up the question, though: if the Bank of England is, in fact, part of the government, then why does it issue money as debt? It makes absolutely no sense for a government to sell bonds to itself....

2 weeks ago

Gregory SchoenmakersThe BoE is a nationalized central bank meaning it is part of the government. So any money owed by the government to the BoE is just money owed by one department to another. That doesn't mean that buying up bonds is a good idea. It is sending newly created money to the wrong places - the very rich....

2 weeks ago
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Shirley WardellI'm probably voting green too....

3 weeks ago

michaelAll the logic in the world will not inspire "Mainstream MP's" to do the right thing as Positive money advocates because they are all Hamstrung by the Rothschilds Grip on the Establishment . The Green Party has introduced a "Monetary Reform Policy" which echoes the spirit of "PosiitiveMoney" and ther...

August 2014

Shirley WardellIndeed Chris. It is very hard to contribute well to discussions about our economy if the basics of money are not understood....

August 2014
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