I have published this video this morning. In it I argue that the Bank of England is signalling we’re going to have high interest rates
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Bank loans create bank deposits
The next video in the Economic Truths series is out this morning, continuing the theme of discussing money, its creation and its consequences. In this
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Banks don’t lend out depositors’ money
I published the second video in the Economic Truths series this morning. In it, I note that most people think banks take in deposits from
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Is Labour really short of money?
There is much debate about whether Labour is really short of money, and if it is, why it did not know it was going to
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Crypto: the route to serfdom
The Guardian has reported this morning that: The co-founders of Silicon Valley’s most prominent venture capital firm have announced their support for Donald Trump’s bid
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Labour could deliver fixed rate mortgages for the life of a loan
I have published this video this morning. In it, I argue that Labour could demand that every mortgage provider in the UK should have a
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So you think the Bank of England’s independent? Pull the other one…
This post first appeared in 2020. Nothing has changed since, so I offer it again today in response to yesterday’s post on this issue. It
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What would be the consequences of ending Bank of England independence?
I was asked these questions on the blog yesterday: What would be the short-term effects of the BoE losing its independence? Would the pound drop?
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Labour could require a bank in every town and large village in the UK
I have published this video this morning. In it, I argue that towns and large villages across the UK are being blighted by bank and
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