November 30, 2011 – 2:12 pm
Peter Challen of the Christian Council for Monetary Justice draws my attention to this book. A summary and further information is available at website http://www.searchingfinance.com/products/soon-to-be-published/the-courageous-state-rethinking-economics-society-and-the-role-of-government.html
October 29, 2011 – 11:18 am
I am encouraged by our Friend Lin (of Bristol). In a comment under the posting Ask David Cameron to support a Robin Hood Tax, she reports on her visit to two sites in Bristol. A brief extract from her posting reads: “I hope to write this up in detail soon, but today (26 October) I [...]
October 14, 2011 – 1:15 pm
A number of Friends have shared with me their unease about the idea of Quantitative Easing (QE). It may be of interest to share my response with Quakernomics users. What QE does is show that the Central Bank can, in effect, create ‘money’ (or liquidity, or credit). But what many thoughtful economists (Ann Pettifor and [...]
October 7, 2011 – 1:48 pm
… although maybe some of you don’t have to! You have an accident: knocked off your bike; slipped and fell on an icy pavement; fell down the stairs. You are unconscious, but help is at hand. Within minutes, two highly competent paramedics have appraised your condition. There appear to be fractures and possibly some internal [...]
September 1, 2011 – 5:30 pm
An article with this title by John Schmid in The Friend (2 September 2011) needs to be treated with some caution. I strongly recommend an alternative explanation: James Robertson’s Managing the National Money Supply, from his book Future Money: Breakdown or Breakthrough?, obtainable for free from his website at http://www.jamesrobertson.com/book/managingthenationalmoneysupply.pdf. A different (visual) explanation of how money [...]
…and can write good English. See Ha-Joon Chang: Global finance has dysfunction at its heart, The Guardian, 8 August 2011. Website: http://www.guardian.co.uk/commentisfree/2011/aug/08/global-finance-dysfunction-at-heart. If only there were others like him … in positions of influence.
Well, some do … but not the ones who shape public opinion or provide advice to the governments and the financial services sector. Browsing – and quoting selectively from a posting on the BBC’s website (www.bbc.co.uk/news/uk-northern-ireland-14424773) – I find the following extraordinary statements: “The demand side of the UK economy has collapsed totally,” said Northern [...]
I made a posting on 24 February (entitled The Movie “Inside Job”) which said that the version on a UK compatible DVD would be released on 8 March. It was not, in fact, available until earlier this month (June 2011). The earlier date refers to an offer from one retailer who would take prepublication orders at a [...]
I returned home this afternoon to find an e-mail with a question from a friend who is the director of an environmental NGO. He wishes to respond to a “consultative paper” on whether Northern Ireland should be allowed to set its own rate of corporation tax. The standard argument – now firmly part of the [...]
The following – which I came across while searching for something else – are selective quotes from an essay by J M Keynes entitled National Self-Sufficiency (1933). I recommend the whole article, which can be found at http://www.mtholyoke.edu/acad/intrel/interwar/keynes.htm. “The nineteenth century carried to extravagant lengths the criterion of what one can call for short ‘the [...]
