Central bankers on their ability of banks to create money out of thin air
Saturday, January 6th, 2024This incredibly valuable collection of quotes from central banks and bankers on their ability to create money out of thin air was assembled by regular
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Labour could fund its £28 billion spending plans by simply stopping quantitative tightening. So why isn't it saying that?
Thursday, January 4th, 2024The FT reports this morning that: British politicians should be wary of provoking a backlash in financial markets by increasing borrowing too quickly, the outgoing
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The Resolution Foundation’s proposed method for ending stagnation would deliver a massive recession instead
Saturday, December 9th, 2023For reasons I am not sure of, I missed the publication by the Resolution Foundation of its report entitled ‘Built to last: Towards a sustainable
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The accounting for QE is anything but transparent
Thursday, December 7th, 2023I am at present working on the draft of an academic paper on the accounting for quantitative easing. Like all such papers, it will be
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Why is the state paying interest to banks on money the state created?
Thursday, November 30th, 2023My old friend, Prem (Lord) Sikka said this in the House of Lords yesterday when discussing the Autumn Statement. I think the whole section of
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The tortured logic of the Bank of England is total gibberish
Friday, November 24th, 2023The FT features an interview with Huw Pill, the chief economist at the Bank of England, today. In it, he says: The decline in headline
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Inhumanity to others is happening here in the UK right now, disguised as monetary policy.
Friday, November 17th, 2023As the FT has reported in the last few minutes before writing this post: British retail sales unexpectedly fell in October, fuelling concerns that high
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Sticking plasters no longer work. The wounds in our society are far too deep.
Monday, October 30th, 2023As The Guardian reports this morning: England’s housing crisis will push many local authorities into bankruptcy as the increasing cost of emergency accommodation for thousands
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Quantitative tightening needs to stop now
Sunday, October 29th, 2023My friend and Green New Deal colleague Larry Elliott had an article in the Guardian last week on what he described as the return of
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