The ‘independent’ BoE is not so independent after all

The Bank of England (BoE) is effectively tasked with a function that it cannot possibly fulfill.. That is controlling inflation… Changing interest rates – which is their only ‘tool’ – has, in my view, nothing to do with inflation, unless they wish to increase it… The system would work only if you wished to prevent… Read more

Why are we using banking?

I think probably we should realise that in effect what was my ‘Treasury Obscurantism’ piece amounts to a similar problem that Richard Murphy has deciphered and which , of course, is technically much better highlighted via an accountancy lens – but I think at least we less specialist lot can reach similar conclusions via the… Read more