Tag Archives: crisis

Deficit panic – budget austerity and the real cuts agenda


English: The Euro money supply from September ...

New Zealand money supply 1988-2008

The money supply of Australia 1984-2007.





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


The Queen deserves an Answer

“Why did no one see it coming?” asked the Queen when she opened the New Academic Building at the London School of Economics.

The Guardian sponsored an event where a panel addressed this question, and Simon Jenkins who writes for the Guardian has these two articles on the subject:

Nov. 12, 08: It’s not only the Queen. We’re all screaming for an answer.

Nov. 18, 08: I did not stammer when the Queen asked me about the meltdown.

My analysis is on The Problems in a Nutshell.