On Sunday Andrew Bailey, the Governor of the Bank of England said that the Bank would not undertake direct monetary funding (DMF) of government spending. As
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On Sunday the Bank of England said it would not fund the government and today it is going to do just that: welcome to the world where we realise that there isn’t taxpayer money because the government makes its own
At the weekend Andrew Bailey, the Governor of the Bank of England, said that the Bank would not engage in direct monetary funding (DMF) of
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The coming car loan crisis has to be addressed now if we’re going to survive further meltdowns
When it became apparent just how serious the coronavirus crisis was going to be – or to be precise, at exactly the time that Rishi
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The FT says its time for the Bank of England to start direct funding of the government: modern monetary theory has won the day
The FT is continuing to face reality as it considers what to do in the face of the coronavirus crisis. It has an editorial today
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Businesses are almost out of money and the government’s schemes are not working. The UK economy is about to disappear and nothing is really being done to save it.
I was talking to an MP yesterday about the government’s business support schemes for business, and was comparing them with the German scheme I reviewed
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Germany is taking action to save it’s small and medium sized companies by granting 100% government guaranteed business loans
As I write Germany is announcing a new scheme to support small and medium-sized enterprises in that country. The scheme is of staggering scale. In
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Bank of England independence is just a charade that’s already been shot to pieces by quantitative easing: the Governor needs to get his facts right pretty quickly
As I have already noted this morning, the new Governor of the Bank of England has been throwing down the gauntlet to the government this
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The Governor of the Bank of England is now a threat to the wellbeing of this country
Andrew Bailey proved beyond a shadow of a doubt that he is the wrong Governor for the Bank of England at this (and maybe any
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HSBC: the bank I love disliking
I am not a fan of most banks: the worlds illicit financial flows pass through their branches. Their tax haven operations have fuelled corruption. Their
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Richard Murphy
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