What happens Under Our Present System When Governments Create Money?
byLock-down is an ideal time to consider some simple truths that we’re normally content to ignore. If we want to reclaim our world and…
Bank Credit
The Fear Factor of Europe’s Public Debt
byby Elisabeth Krecké Global debt has surged spectacularly in recent years and now stands at an all-time high of more than 322 percent of…
The Theory and Brief History of Money and Banking
by[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] The…
The Bank’s ‘Stress’ Tests
byMy report on the Bank of England’s latest (November 2018) stress tests was published by the Adam Smith Institute on August 3rd. The purpose of the stress tests…
Low yield, no yield, negative yield – Buy now but don’t forget to sell
byThe amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing…
For those who don’t understand inflation
byThis article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are…
Interest Rates, Global Value Chains and Bank Reserve Requirements
byInterest Rates, Global Value Chains and Bank Reserve Requirements Global Value Chains have suffered since 2009 Despite low interest rates, financial costs remain…
Should bank regulation be relaxed?
byLeading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, calling it a “terrible mistake.” President Donald Trump and…
THE FICTION OF THE ‘GREAT CAPITAL REBUILD’
byThe central element of the Bank of England’s narrative on the UK banking system is the ‘Great Capital Rebuild’. To paraphrase Governor Carney’s comments…