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'US, Wall Street causing economic crisis'‎ ~ Rodney Shakespeare ...

'US, Wall Street causing economic crisis'‎ ~ Rodney Shakespeare ... | The Money Chronicle | Scoop.it
From: Press TV 'US, Wall Street causing economic crisis'‎ Sun Jan 29, 2012 11:14AM GMT An interview with 'US, Wall Street causing economic crisis'‎ Sun Jan 29, 2012 11:14AM GMT An interview with Rodney Shakespeare, ...
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The Money Chronicle
Issues dealing with money reform and changes to our monetary system
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▶ 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...
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“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

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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
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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
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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.
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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...
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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.
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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.
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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.
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Rock Bottom Economics

Rock Bottom Economics | The Money Chronicle | Scoop.it
On November 23, 2014, Paul Krugman writes in The New York Times:
Six years ago the Federal Reserve hit rock bottom.
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KRUGMAN: It’s Not Just About Hard Work — Dumb Rich Kids Get All The Breaks

KRUGMAN: It’s Not Just About Hard Work — Dumb Rich Kids Get All The Breaks | The Money Chronicle | Scoop.it
On November 17, 2014, New York Times columnist and Princeton economist Paul Krugman spoke with our own Henry Blodget about a range of topics. And then Henry asked him about the super rich in America.
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Paul Krugman: Deluded New Majority In Congress Insists We’re Living In An Ayn Rand Novel

Paul Krugman: Deluded New Majority In Congress Insists We’re Living In An Ayn Rand Novel | The Money Chronicle | Scoop.it
On November 24, 2014, Janey Allon writes on AlterNet:
Paul Krugman is not exactly optimistic about the new Congress that will be sworn in in January.
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How Universal Basic Income Will Save Us From The Robot Uprising

How Universal Basic Income Will Save Us From The Robot Uprising | The Money Chronicle | Scoop.it
On October 31, 2014, George Dvorsky writes io9.com:
Robots are poised to eliminate millions of jobs over the coming decades.
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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
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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...
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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.
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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...
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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...
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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.
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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.
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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”.
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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...
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Benefit (B) Corporations

Benefit (B) Corporations | The Money Chronicle | Scoop.it
A B Corporation or Benefit Corporation is a corporate operational model certified by the non-profit. B Lab.
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Wealth, Income, And Power

Wealth, Income, And Power | The Money Chronicle | Scoop.it
In February 2013, Professor G. William Domhoff of the Sociology Department of the University of California at Santa Cruz writes: This document presents details on the wealth and income distributions in the United States, and explains how we use...
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Change money change the world - Talk by Ben Dyson - Plymouth - Positive Money

Change money change the world - Talk by Ben Dyson - Plymouth - Positive Money | The Money Chronicle | Scoop.it
Tweet Plymouth Business School and the Economics Society present this talk by Ben Dyson, founder of campaign group Positive Money. Money affects almost every aspect of our lives, but do we really understand it?
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Liability could be issued as zero-coupon irredeemable bonds

Liability could be issued as zero-coupon irredeemable bonds | The Money Chronicle | Scoop.it
Tweet Sir, Simon Ward (Letters, November 13) states that Adair Turner’s proposal to fund government spending with newly created money “would involve the creation of more Bank of England reserves, which represent a liability of the state and bear...
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