The original motivation of Christine Desan may be indicative…

……and even probably many of us all and perhaps of some of society in general…Christine Desan in discussing her book said she initially “majored in religion and sociology of religion”. The book itself ‘Making Money: Coin, Currency, and the Coming of Capitalism’ is unfortunately expensive to buy but at least it is cheaper as a… Read more

‘Money we owe to ourselves’

It appears that a Financial Times survey found investors believe the central bank’s quantitative easing programme is a thinly veiled attempt to finance the government’s deficit to keep its borrowing costs down. They seem to feel they’ve been ‘had’. The City would much rather government borrowing costs went up of course, but charts like this… Read more

The money tree is not magic but real

We used to think, with good reason, that globalization had defanged national governments. Presidents cowered before the bond markets. Prime ministers ignored their country’s poor but never Standard & Poor’s. Finance ministers behaved like Goldman Sachs’s knaves and the International Monetary Fund’s satraps. So commences this excellent piece from Yanis Varousakis (well worth reading in… Read more

Social infrastructure is also vital to any recovery plan

This is a letter to the FT from the Progressive Economy Forum (an outfit that our esteemed benefactor, Richard Murphy, has been expelled from – simply because he doesn’t think Quantitative Easing will ever be paid back. Time has actually already told – it’s 12 years and counting that it has not…) UK chancellor Rishi… Read more