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 (more…)
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 | 2 Comments »