Parliament & Legislation

Home » Blog » Parliament & Legisl…

Ruud Harmsen> No one said money creation was unlimited.One of the banking 101 videos by Postive Money does. I'll write about it later in detail. I may take a few months, possible years, before I find the time....

3 weeks ago

Andrew BuckleyNo one said money creation was unlimited. What PM says is that money creation (creation of new bank deposits) is limited by the availability of credit-worthy borrowers, and only that. Many other things indirectly limit money creation by affecting the availability of credit-worthy borrowers (such a...

3 weeks ago

Ruud Harmsen> You've basically just told the "money multiplier" story in that link there I'm afraid.In my articles 1 and 2, yes, but see also 10 and 11, for the seemingly different, but essentially equivalent everyday reality. http://rudhar.com/economi/mony...And money creation is not unlimited (even if the ...

3 weeks ago
latest comments - view discussion

Andrew BuckleyMoney is defined herein as that which will be accepted as a final means of payment (the most liquid of tradable financial instruments). Bank transfers comprise the majority of transactions, by volume, and are arguably faster and more convenient than using cash. But you're right; if we didn't accep...

January 2014

Andrew BuckleyIt's the interest, not the principal, that's the problem, Peterm. The interest on government debt has to be covered by the taxpayer, and the proceeds go to those who hold the government bonds (the financial sector).Commercial banks then create money by lending deposits to customers and facilitating...

January 2014

montmorencyGood point. I think they also are not quite totally sound on the national debt. Eliminate that, and you eliminate a lot of the problems....

December 2013
latest comments - view discussion

adarcy20Dear Mr Harvey,I've only just read about the letter you sent to your M.P. and his reply.All I can say is that he must be an utter blithering idiot - pouring out the same rot that we've heard since the banking crises, without the inclusion of one - even just one - sensible and constructive remark. H...

December 2013

Tony HarveyI wrote to my MP on 5th November requesting him to sign this EDM 641 and within hours I received the following reply. It seems to me he is not looking deeply enough at the causes of the crisis and the power that 97% money creation gives the banks over the regulators and academia. But I would appreci...

November 2013
latest comments - view discussion

Joe MarrCan't see how banks & politicians can gain any power or financial reward from this policy. Can it work? good luck...

July 2013
latest comments - view discussion
×
back to top