In the News

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Slave2PaperWithInkOnIn this stupid man-made system [thin air money that's destroyed when repaid] mortgage loans are probably pushed to the forefront because they last so long [i.e. That ''money'' exists for longer before being destroyed] feeding the rest of the eCONomy.That gives govts the chance to say that there is a...

last month

SimonThe government's Help to Buy scheme makes the problem worse because it encourages more lending and debt, and is a tax payer subsidy for existing home owners and developers. However all governments and some economists see "rising house prices" as a good thing, because it encourages more spending, de...

May 2014
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truth_will_outGreat interview. Suggest you cut it to start with Ben's bit....

last month

ConradJonesJust goes to reinforce the reputation of the Keiser Report as being the number one Financial Program on the planet.Hopefully the first of many appearances for Ben Dyson and PositiveMoney on RT. Well done Ben....

May 2014

DozyHoleInteresting that the episode before this one they were criticising Martin Wolf. The guest actually said something like "Martin Wolf would realise the importance of savings if people removed their 1 trillion pounds of savings and put it under their pillow"(paraphrasing), I was gobsmacked at the stupi...

May 2014
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Who should have the power to create money?

Who should have the power to create money? In Modernising Money we argue that the power to create money should be removed from the banks and transferred to a democratic, transparent, and accountable body. Martin Wolf recently backed these proposals, but Ann Pettifor describes them as 'deeply flawed' and 'outlandish'.

Ruud HarmsenWhat is described as new options in this article seems to be what central banks are already doing and have done more several decades. Read Modern Money Mechanics, written by the Chicago Reserve Bank in 1961 (sic, 1961).Why replace an existing system with something 'new' that in fact is the same as w...

last month

Ruud Harmsen==Who should have the power to create money?==The mere question is wrong and betrays a fundamental lack of insight in what money creation is.Money creation is not something somebody does wilfully, after having obtained the power or permission to do that. Money creation is something that just happens...

last month

Jamie WaltonRichard, you are certainly not daft. You probably didn't learn it from your economics course, but New Zealand operated just such a system as you outline above between 1935/6 and 1987/8, and it worked very well. So well, in fact, that it was stopped. The Reserve Bank of New Zealand (New Zealand's ...

last month
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