Positive Money http://www.positivemoney.org Fri, 24 May 2013 15:27:33 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Two main problems with deposit insurance http://www.positivemoney.org/2013/05/two-main-problems-with-deposit-insurance/ http://www.positivemoney.org/2013/05/two-main-problems-with-deposit-insurance/#comments Thu, 23 May 2013 14:08:28 +0000 Positive Money http://www.positivemoney.org/?p=16466 “Bank runs are a common feature of the extreme crises that have played a prominent role in monetary history. During a bank run, depositors rush to withdraw their deposits because they expect the bank to fail. In fact, the sudden withdrawals can force the bank to liquidate many of its assets at a loss and to fail. During a panic with many bank failures, there is a disruption of the monetary system and a reduction in production.” (Diamond & Dybvig, … Continue reading →

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]]> http://www.positivemoney.org/2013/05/two-main-problems-with-deposit-insurance/feed/ 0 Material Debt http://www.positivemoney.org/2013/05/material-debt/ http://www.positivemoney.org/2013/05/material-debt/#comments Wed, 22 May 2013 16:33:44 +0000 Daniel John (Guest Author) http://www.positivemoney.org/?p=16205 It seems that dishing out free money is a cure for some ill’s and not for others, or for some patients and not others. While the rest of the economy languishes, the financial markets have seen growth, so how can this be? With the vast amount of QE money going into the capital markets via banks there can be little doubt as to why the financial sectors health has improved. The aim of QE was to get the banking sector … Continue reading →

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]]> http://www.positivemoney.org/2013/05/material-debt/feed/ 2 How failed banks on life support can grant humungous bonuses http://www.positivemoney.org/2013/05/how-failed-banks-on-life-support-can-grant-humungous-bonuses/ http://www.positivemoney.org/2013/05/how-failed-banks-on-life-support-can-grant-humungous-bonuses/#comments Wed, 22 May 2013 11:19:32 +0000 Graham Hodgson (Guest Author) http://www.positivemoney.org/?p=16425 In the May 21st edition of London’s Evening Standard  its financial editor Anthony Hilton laid into the Basel regulatory endorsement of “mark-to-model” risk assessment, citing a speech delivered to the Atlanta Fed by the Bank of England’s Andrew Haldane last month. Hilton reported that: “In the course of recent research, Haldane has come to some devastating conclusions. First, allowing banks to use their own models to assess the riskiness of their lending — a central plan of the Basel accords … Continue reading →

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]]> http://www.positivemoney.org/2013/05/how-failed-banks-on-life-support-can-grant-humungous-bonuses/feed/ 2 What would a democratic financial system look like? (video) http://www.positivemoney.org/2013/05/what-would-a-democratic-financial-system-look-like-video/ http://www.positivemoney.org/2013/05/what-would-a-democratic-financial-system-look-like-video/#comments Tue, 21 May 2013 13:15:42 +0000 Positive Money http://www.positivemoney.org/?p=16413 The fourth short film from the Transforming Finance conference is now on the Guardian: What would a democratic financial system look like?   

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]]> http://www.positivemoney.org/2013/05/what-would-a-democratic-financial-system-look-like-video/feed/ 1 Banking for the real economy (videos) http://www.positivemoney.org/2013/05/banking-for-the-real-economy-videos/ http://www.positivemoney.org/2013/05/banking-for-the-real-economy-videos/#comments Mon, 20 May 2013 15:04:19 +0000 Positive Money http://www.positivemoney.org/?p=16384 Another two videos from the Transforming Finance conference were published in the Guardian: Transforming finance: banking for the real economy (with Tony Greenham of the New Economics Foundation, Prof Richard Werner and others) Transforming finance: avoiding a new crisis (with Prof Richard Werner, Prof Victoria Chick of University College London, Tim Jackson and others)   Watch video “Transforming finance – how do we fund the green economy?” with Ben Dyson here    

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]]> http://www.positivemoney.org/2013/05/banking-for-the-real-economy-videos/feed/ 1 Declaring all digital money to be legal tender http://www.positivemoney.org/2013/05/declaring-all-digital-money-to-be-legal-tender/ http://www.positivemoney.org/2013/05/declaring-all-digital-money-to-be-legal-tender/#comments Mon, 20 May 2013 10:52:45 +0000 Positive Money http://www.positivemoney.org/?p=16359 A small history lesson on money was published in the latest edition of  Irish Village Magazine  An 1830s’ recession preceded the great famine. Worried about their savings and the future, people reined in their spending which only exacerbated the downturn. Since food was actually then abundant, it seemed odd to most people that routine trading was hampered by what was explained as the mass hysteria of people saving rather than spending. While most people, then and now, naturally expect a … Continue reading →

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]]> http://www.positivemoney.org/2013/05/declaring-all-digital-money-to-be-legal-tender/feed/ 5 Conference on our Money System: Consequences and Alternatives – Dublin http://www.positivemoney.org/2013/05/conference-on-our-money-system-consequences-and-alternatives-dublin/ http://www.positivemoney.org/2013/05/conference-on-our-money-system-consequences-and-alternatives-dublin/#comments Mon, 20 May 2013 10:08:13 +0000 Positive Money http://www.positivemoney.org/?p=16350 Sensible Money - our sister organisation in Ireland – is pleased to announce a one day conference on the consequences of our dysfunctional banking system and what we might do to improve it. In conjunction with Feasta, Sensible Money is hosting “The Money Mess; Consequences and Alternatives” in the Central Hotel, Exchequer Street, Dublin on Friday 31st May between 9:30 and 15:45. Full details of the event are available here and registration is essential.

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]]> http://www.positivemoney.org/2013/05/conference-on-our-money-system-consequences-and-alternatives-dublin/feed/ 0 Guardian: Transforming finance – how do we fund the green economy? (video) http://www.positivemoney.org/2013/05/guardian-transforming-finance-how-do-we-fund-the-green-economy-video/ http://www.positivemoney.org/2013/05/guardian-transforming-finance-how-do-we-fund-the-green-economy-video/#comments Fri, 17 May 2013 10:43:15 +0000 Positive Money http://www.positivemoney.org/?p=16321 First short video from the Transforming Finance conference, which took place on 10th May 2013 in London, was published in the Guardian. In this short video, economists such as Sony Kapoor, director of the Re-define think-tank, Ann Pettifor, director of Policy Research in Macroeconomics and also Ben Dyson, founder of Positive Money, discuss ways of funding green investment.   The Transforming Finance conference was organized by Friends of the Earth and a coalition of think tanks and NGOs including Positive Money and hosted by the Institute … Continue reading →

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]]> http://www.positivemoney.org/2013/05/guardian-transforming-finance-how-do-we-fund-the-green-economy-video/feed/ 2 Newsletter: Check out our new website and video http://www.positivemoney.org/2013/05/newsletter-check-out-our-new-website-and-video/ http://www.positivemoney.org/2013/05/newsletter-check-out-our-new-website-and-video/#comments Thu, 16 May 2013 13:26:38 +0000 Positive Money http://www.positivemoney.org/?p=16371 This is our newsletter from 15th May 20013. If you’d liked to be kept up to date on the campaign then sign up. We have a new website! New design, new content, a more open and accessible feel…  and a brand new video! 1) New website – Check it out! We’re working hard to find the right format, right style and right language to get as many people as possible interested in the problems with the way money is created by banks. Have a look at our new website … Continue reading →

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]]> http://www.positivemoney.org/2013/05/newsletter-check-out-our-new-website-and-video/feed/ 0 The City and the Common Good – Good Money (video) http://www.positivemoney.org/2013/05/the-city-and-the-common-good-good-money-video/ http://www.positivemoney.org/2013/05/the-city-and-the-common-good-good-money-video/#comments Wed, 15 May 2013 09:19:26 +0000 Positive Money http://www.positivemoney.org/?p=16243 An interesting event took place on 7th May 2013 at St Pauls in London, organized by the St.Paul’s Institute. At the seminar entitled “The City and the Common Good - Good Money”, money creation by the banks was identified to be the key problem by some of the speakers and Positive Money was mentioned several times in the questions at the end, however the answers were based on misunderstanding of our proposals. Lord Robert Skidelsky – Economic Historian (Keynote) Tarek El … Continue reading →

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