Regular commentator on this blog, Clive Parry, has written a note on how the banking system and government and commercial bank money creation work, which
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What is ‘free’ about government money creation?
The note has been written by regular commentator Clive Parry, who has been a bond trader for 35 years, as a response to the discussion
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We do not need tax cuts: what we need is more spend and tax. That’s our only hope.
The FT reports this morning that: Unpacking that, what Sunak is saying is: The Mail wants tax cuts and he will deliver them. To supposedly
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If banks create money out of thin air – as we know they do – most savings do not fund investment
The debate on this blog over the last few days on money creation by banks – as a result of which it has been shown
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Danny Kruger is wrong: we got a much more conservative country under the Tories. The inequality in excess deaths proves it.
As the Guardian notes this morning: Danny Kruger, a leading backbencher and founder of the increasingly influential New Conservatives group, said the Conservatives risked being
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