I remember reading that Gordon Brown said the Government can either tax or borrow to raise money when he was acting as PM. As if he had forgotten or never knew that governments ought to create money and put it in circulation, if they want to ‘run’ the economy.
BUT: they don’t and don’t seem to want to either.
Here’s a good introductory article: Op-Ed: Debt-free money for 2014?
Here’s a remarkable historic account in 6,000 words: John Bradbury and Thomas Paine.
Here’s a good new video that illustrates the mathematical power of compounding interest upon interest in a debt-based money system: A flaw in the monetary system?
And here are money related petitions you might want to sign:
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 Continue reading
Tony Benn and 73 others wrote on 4 August 2010 in The Guardian: The time to organise resistance is now.
We reject these cuts as simply malicious ideological vandalism, hitting the most vulnerable the hardest. Join us in the fight.
I just saw Mark Serwotka’s most remarkable speech on video on the occasion of a Coalition of Resistance rally. To add fuel to everybody’s fires, I would like to draw to your attention:
1. The economic crisis was an ‘inside job’ – a summary of the film review Inside Job
2. The analysis of UK Budgets of the last 10 years – revealing the purpose of the ‘crisis’
3. The growth of interest payments in the austerity budget – the real reason behind the ‘crisis’