The myths and realities of government spending
Photo credit: flickr user Peter Creative Commons license: In the general election this May, many political commentators were talking up the Labour party under Corbyn as presenting a significant…
From splendid isolation to solidarity – a tale of divestiture
#truth at #tli — Resource Generation (@ResourceGen) July 11, 2014 In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political…
The capital mobility myth: 'You better not piss off the rich'
Whether it be workers demanding higher wages and better conditions or citizens demanding higher taxes on corporations and the rich, the response from business chiefs and their drudges in the…
On QE, overproduction and the economics of a negative carry universe.
In the run up to last week's announcement of more QE from the Bank of England there have been a couple of interesting posts on FT alphaville talking about "negative…
6 Billion Ways: When did we become obsessed with monetary policy?
I'm at the "Six Billon Ways" conference this weekend, which is organised by the main NGOs campaigning for global justice - this is my thoughts on the first discussion -…
Banking and money creation (part 2)
Previously, in Part One, I looked at where the money comes from for bank loans and mortgages. Here, I describe one of the many restrictions on the amounts that banks…
Banking and money creation (part 1)
Do banks lend savers' money out? Do they really create money? What are the constraints on how much money banks lend out? Did you see some animation that claimed to…