Printing money to fund deficit is the fastest way to raise rates and there are no technical reasons for rejecting this, only the fear of breaking a taboo, writes Lord Adair Turner in Financial Times, 10th November 2014.
New global rules to prevent banks that are "too big to fail" from being bailed out by taxpayers have been proposed by the Financial Stability Board (FSB). Mark Carney, FSB chairman and governor of the Bank of England, told the BBC the plans were a "watershed" moment.
Martin Wolf, Chief Economics Commentator of Financial Times speaks at the event "Does Money Grow on Trees?" at the hall of the Institute for Chartered Accountants on 9th September 2014.
"Just remove state support for banks and let markets hold them to discipline!" -This argument often comes from the Austrian school of economics, and proposes that banks would not have taken so much risk without the safety nets provided by governments and central banks. Furthermore, without these safety nets, those banks that were mismanaged would have been liquidated and would have made way for new market entrants with better business practice: in other words, bad businesses would make way for good ones.
Ben Dyson, Founder of Positive Money talks about why is our monetary system broken and how it can be fixed at the Economy, People and Planet Conference 2014 arranged by the Danish organization Omstilling Nu (Transition Now), held at the Copenhagen Business School (CBS) on the 13-14th of September 2014.