The Money Chronicle
Follow
Find
15.9K views | +35 today
 

From around the web

The Money Chronicle
Issues dealing with money reform and changes to our monetary system
Curated by Dai
Your new post is loading...
Your new post is loading...
Scooped by Dai
Scoop.it!

▶ Money creation in the modern economy - Quarterly Bulletin article - YouTube

For the Bulletin article on money creation, see: www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf Film...
Dai's insight:

“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

more...
No comment yet.
Scooped by Dai
Scoop.it!

Debate over monetary system grows - Deutsche Welle

Debate over monetary system grows - Deutsche Welle | The Money Chronicle | Scoop.it
Nearly all money is created by commercial banks in the act of lending. They also decide whom to lend it to, and for what purposes. Is this good for the economy? A growing movement is arguing for an alternative.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Here Comes The Ultimate Keynesian Scam: Helicopter Money For The People, Not Just Banks

Here Comes The Ultimate Keynesian Scam: Helicopter Money For The People, Not Just Banks | The Money Chronicle | Scoop.it
On November 27, 2014, Peter Tenebrarum writes on Contra Corner:
A recent article in the Guardian mocks JC Juncker’s latest scheme to produce some €300 billion in “investment” with a magical money multiplication scheme.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Positive Money

Positive Money | The Money Chronicle | Scoop.it
We're launching a petition calling for the government to ensure the power to create money is only used in the public interest. Please add your name - it takes just 5 seconds.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Main Street America: Stuck In Reverse And Descending Into Trauma

Main Street America: Stuck In Reverse And Descending Into Trauma | The Money Chronicle | Scoop.it
On November 26, 2014, Raul Ilargi Meijer writes on Contra Corner:
US Q3 GDP was revised up by the BEA to 3.89%, but that’s no longer what financial markets react to. They sit and wait for more QE somewhere on the planet to be doled out.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Thomas Piketty is right: Income inequality is holding us back - Salon

Thomas Piketty is right: Income inequality is holding us back - Salon | The Money Chronicle | Scoop.it
Two leading economists examine how the wealth divide is especially harmful to the job market
more...
No comment yet.
Scooped by Dai
Scoop.it!

Money Creation Debated in UK Parliament (Video)

Money Creation Debated in UK Parliament (Video) | The Money Chronicle | Scoop.it
http://t.co/x4kgLIW8bM
Money Creation Debated in #UK #Parliament (Video) #positivemoney
more...
No comment yet.
Scooped by Dai
Scoop.it!

Positive Money on Twitter

Positive Money on Twitter | The Money Chronicle | Scoop.it
Debt-Based Money vs. Sovereign Money #Infographic » http://ow.ly/EWOZJ > What do you prefer? pic.twitter.com/CgrlUQYS3F
more...
No comment yet.
Scooped by Dai
Scoop.it!

Where Are He Headed As A Country?

Where Are He Headed As A Country? | The Money Chronicle | Scoop.it
On November 22, 2014,  John Thompson writes in the Russell County News-Register:
I hardly know anyone who’s happy about the way the country is going at the moment.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Forget The 1 Percent

Forget The 1 Percent | The Money Chronicle | Scoop.it
It is the 0.01% who are really getting ahead in America On November 8, 2014, The Economist reports: AMONG the most controversial of Thomas Piketty’s arguments in his bestselling analysis of inequality, “Capital in the Twenty-First Century”, is that...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Stocks Are Now So Fantastically Expensive That They Will Likely Have Negative Returns For Years

Stocks Are Now So Fantastically Expensive That They Will Likely Have Negative Returns For Years | The Money Chronicle | Scoop.it
On November 22, 2014, Henry Blodget writes on Business Insider:
As regular readers know, I am increasingly worried about the level of stock prices.
So far, this concern has seemed unwarranted. And I hope it will remain so.
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Best Of The Matthew Filipowicz Show: Episode 379 with Stephanie Kelton and Wagatwe Wanjuki

The Best Of The Matthew Filipowicz Show: Episode 379 with Stephanie Kelton and Wagatwe Wanjuki | The Money Chronicle | Scoop.it
Episode 379 The Best Of The Matthew Filipowicz Show is now available to stream and download. Due to travel, today we are running The Best Of The Matthew Filipowicz Show with some of our favorite interviews.
more...
No comment yet.
Scooped by Dai
Scoop.it!

The NYT Thinks Jailing the Banksters Would Cause a “Bind

The NYT Thinks Jailing the Banksters Would Cause a “Bind | The Money Chronicle | Scoop.it
The NYT Thinks Jailing the Banksters Would Cause a “Bind
By William K.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Central Bank “Wealth Effects” Doctrine At Work: Meet The $550K “Crap Shack” In Culver City CA | For Economic Justice

Central Bank “Wealth Effects” Doctrine At Work: Meet The $550K “Crap Shack” In Culver City CA | For Economic Justice | The Money Chronicle | Scoop.it
Sell, Sell, Sell…….The Central Bank Madmen Are Raging Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does Amend The Federal Reserve: We Need A Central Bank That Serves Main Street Meet The House That Inequality Built: 432 Park Avenue––A Monument To Owning!
more...
No comment yet.
Scooped by Dai
Scoop.it!

How to waste £375 billion? – The Failure of Quantitative Easing

How to waste £375 billion? – The Failure of Quantitative Easing | The Money Chronicle | Scoop.it
Tweet In the years following the financial crisis, the UK wasted £375bn on a failed scheme to stimulate the economy and end the recession. This was one of the biggest missed opportunities in history.
more...
No comment yet.
Scooped by Dai
Scoop.it!

MPs debated Money Creation and Society

MPs debated Money Creation and Society | The Money Chronicle | Scoop.it
Tweet After 170 years of silence from the House of Commons on the subject of money creation, there was finally a debate in the Main Chamber at the House of Commons on the subject of ‘Money Creation and Society’ on … Continue reading →...
more...
No comment yet.
Scooped by Dai
Scoop.it!

The causes and remedies of financial crisis from islamic perspective - with Ben Dyson - Positive Money

The causes and remedies of financial crisis from islamic perspective - with Ben Dyson - Positive Money | The Money Chronicle | Scoop.it
Tweet   Secure your ticket for the event here   Secure your ticket for the event here       Sign the petition! Tell the future Prime Minister of the UK that money creation should only be used in the public interest.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Keynes: Useful Economics for the World Economy, by Peter Temin and David ... - Times Higher Education

Keynes: Useful Economics for the World Economy, by Peter Temin and David ... - Times Higher Education | The Money Chronicle | Scoop.it
A petite primer with grand ambitions excels in its secondary themes, says Michelle Baddeley
more...
No comment yet.
Scooped by Dai
Scoop.it!

MPs debated Money Creation and Society

MPs debated Money Creation and Society | The Money Chronicle | Scoop.it
After 170 years of silence from the House of Commons on the subject of money creation, there was finally a debate in the Main Chamber at the House of Commons on the subject of ‘Money Creation and Society’ on 20th … Continue reading → The post MPs...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Another Dose of Prosecutorial Discretion

Another Dose of Prosecutorial Discretion | The Money Chronicle | Scoop.it
Another Dose of Prosecutorial Discretion
Here’s a footnote to my recent post on prosecutorial discretion.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Economic Justice, IV: What is “Social Justice”?

Economic Justice, IV: What is “Social Justice”? | The Money Chronicle | Scoop.it
Today’s subject, social justice, involves us in a double difficulty.  First, there is a problem with defining it.  To many people, “social justice” means State action to take up the slack when individual justice and charity just don’t seem...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Robert Reich: College Gets You Nowhere

Robert Reich: College Gets You Nowhere | The Money Chronicle | Scoop.it
EnlargeRobert Reich The former secretary of labor examines why a degree no longer guarantees a well-playing job On November 25, 2014, Robert Reich writes on Salon: This is the time of year when high school seniors apply to college, and when I get...
more...
No comment yet.
Scooped by Dai
Scoop.it!

GOLDMAN: So Far, Larry Summers Has Been Wrong About The US Economy

GOLDMAN: So Far, Larry Summers Has Been Wrong About The US Economy | The Money Chronicle | Scoop.it
REUTERS/Stefan WermuthFormer Harvard University President Lawrence H.
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Hackney Housing Debate – Report

The Hackney Housing Debate – Report | The Money Chronicle | Scoop.it
Report by Saija Lukkaroinen, Hackney local group of Positive Money supporters On the 19th October 2014, 120 people gathered at Chats Palace in Homerton to discuss the causes and consequences of the current housing crisis.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Sovereign Money – Response to Andrea Leadsom, Economic Secretary to the Treasury

Sovereign Money – Response to Andrea Leadsom, Economic Secretary to the Treasury | The Money Chronicle | Scoop.it
Last Thursday, the UK parliament debated the issue of “money creation and society”.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Economic Justice, III: What is “Distributive Justice”?

Economic Justice, III: What is “Distributive Justice”? | The Money Chronicle | Scoop.it
If you thought yesterday’s posting on participative justice was a bit difficult to grasp, you ain’t heard nothing yet.  Participative justice is relatively easy to get across.  It’s a new term, so there’s no baggage to jettison before we started to...
more...
No comment yet.