“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves… When a bank makes a loan to one of its customers it simply credits the customer’s account with a higher deposit balance. At that instant, new money is created…”
the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks. Banks first decide how much to lend depending on the profitable lending opportunities available to them…It is these lending decisions that determine how many bank deposits are created by the banking system. The amount of bank deposits in turn influences how much central bank money banks want to hold in reserve (to meet withdrawals by the public, make payments to other banks, or meet regulatory liquidity requirements), which is then, in normal times, supplied on demand by the Bank of England
Tweet Interesting news from our sister organisation MoMo in Switzerland: The survey results from a master’s thesis from the Institute of Finance and Banking at Zurich University confirm that Swiss people have no idea about how Swiss...
Tweet An important debate took place in the UK Parliament on Thursday 15th September 2016. The House of Commons debated for the first time since the new £70bn Quantitative Easing programme began last month.
Tweet “The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814 Chapter 7 (You can read previous chapters here) Our system of money-creation was invented and developed ...
Tweet Ben Dyson, Founder of Positive Money talks about why is our monetary system broken and how it can be fixed at the Economy, People and Planet Conference 2014 arranged by the Danish organization Omstilling Nu (Transition Now), held at …...
The Prince of Greenwich 72 Royal Hill, Greenwich, SE10 8RT London, GB
6 Members Went
Ivo Mosley is now working on the final chapter of his book 'Bank Robbery' and will outline his target proposals for reform. He is hoping for some difficult questions to test how far these can be pushed.
As a background, Ivo has set his target as a complete reform of the 'legal capture' that allows governments to create assets for the rich at the ex...
The 7 Deadly Innocent Frauds of Economic Policy Introduction The term ‘innocent fraud’ was introduced by Professor John Kenneth Galbraith in ‘The Economics of Innocent Fraud’, which was the last book he wrote before he died.
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