David Blanchflower is the economics editor of the New Statesman and has two other professorships, besides having been a member of the Bank of England’s Monetary Policy Committee.
His quotes inspired Ken MacIntyre to write these two articles where he puts into economic language and thinking what we monetary reformers have been saying for decades:
1. Public control of the money supply and credit creation
2. A financial transactions tax (Robin Hood Tax)
3. Restoration of controls on all exchange and capital movements across national borders
4. An end to speculation by banks
5. Derivative contracts such as swaps to be properly regulated and restricted to the needs of the real economy.
6. Land value and natural resources taxes.
7. All traded shares to expire after a fixed period of time. See Steve Keen.
8. Loans on land and property to be limited to ten times the annual rental value. See Steve Keen.
Ken has been a victim of bankruptcy fraud and has attended many meetings of the Forum for Stable Currencies.
Filed under: Banks, Challenging the Recession, Financial Services Authority, Fractional Reserve Banking Tagged: | Bank of England, Cash Credit, crisis, David Blanchflower, debt deflation, Economic, Forum for Stable Currencies, George Osborne, Monetary Policy Committee, Money supply, New Statesman, Robin Hood Tax, spending cuts, steve keen