The Money Chronicle
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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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Positive Money Stall at "Change:How?" festival - London - Positive Money

Positive Money Stall at "Change:How?" festival - London - Positive Money | The Money Chronicle | Scoop.it
Tweet Change:How? 2015 is a festival of politics and a fully immersive experience bringing together some of the most innovative and inspiring formations with people from the heart of people-powered politics.
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97% Owned Positive Money Directors Cut

97% Owned Positive Money Directors Cut To join the campaign to democratise money see Watch the sequel: When mo. Watch the sequel: 97% owned present serious r...
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EU better off with ‘helicopter checks’ not QE

EU better off with ‘helicopter checks’ not QE | The Money Chronicle | Scoop.it
The European Central Bank is expected to unveil a multibillion, if not trillion dollar, bond buying program, to save the troubled euro economy.  Quantitative Easing (QE) “hasn’t been effective in the US or the UK, what is has done is pushed …...
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Interviews with NEP’s Pavlina Tcherneva

Interviews with NEP’s Pavlina Tcherneva
NEP’s Pavlina Tcherneva has made a couple of appearances recently discussing President Obama’s State of the Union and tax proposals with an emphasis on inequality.
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▶ Keiser Report: Open Sources & Open Cesspools (E712) - YouTube

In this episode of the Keiser Report from Mexico City, Max Keiser and Stacy Herbert discuss the claims that the Fed is like the blockchain. They also look at...
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The Middle Class Can’t Be Saved Unless Wall Street Is Tamed

The Middle Class Can’t Be Saved Unless Wall Street Is Tamed | The Money Chronicle | Scoop.it
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On January 27, 2015, Robert Reich writes Truth Dig:
Presidential aspirants in both parties are talking about saving the middle class. But the middle class can’t be saved unless Wall Street is tamed.
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European Central Bank’s QE is a missed opportunity (Letter in the Guardian)

European Central Bank’s QE is a missed opportunity (Letter in the Guardian) | The Money Chronicle | Scoop.it
“The EU financial sector does not need to be eased, there is plenty of liquidity in the banks. Quantitative easing, as practised by the Bank of England and the US Federal Reserve, merely flooded the financial sector with money to the … Continue...
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Why We (Don’t) Need Inflation

Why We (Don’t) Need Inflation | The Money Chronicle | Scoop.it
Yesterday’s Wall Street Journal had an interesting article on how surpluses of basic commodities, while they are bad, can be good for some brave investors (“Rout Signals ‘Buy’ to Some: As Surpluses Grow From Oil to Copper, Investors Risk Pain Now...
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Ben Dyson (Positive Money), Author at Positive Money

Ben Dyson (Positive Money), Author at Positive Money | The Money Chronicle | Scoop.it
RT @zoestavs: Really interesting ideas from Ben Dyson on ways to fix our monetary system @PositiveMoneyUK http://t.co/3tJABPKTn5
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Inequality = Privatisation of the Earth

Inequality = Privatisation of the Earth | The Money Chronicle | Scoop.it
Truthdig summarises the interview as:
Oxfam reports that just 80 people possess the same quantity of wealth as 3.5 billion others.
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Bundesbank's Weidmann casts doubt on effectiveness of ECB's QE - Reuters

Bundesbank's Weidmann casts doubt on effectiveness of ECB's QE - Reuters | The Money Chronicle | Scoop.it
BERLIN (Reuters) - Bundesbank President Jens Weidmann, an unabashed critic of the European Central Bank's quantitative easing (QE), told a German newspaper on Sunday he had doubts about the effectiveness...
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Rent freedom day - Why are house prices so high? - London - Positive Money

Rent freedom day - Why are house prices so high? - London - Positive Money | The Money Chronicle | Scoop.it
Tweet The UK is facing a housing crisis of monumental proportions, but it didn’t happen overnight.
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It’s All The Greeks’ Fault

The polls were right: Greece did elect Syriza, the left-wing coalition party (its name is actually a Greek acronym for “Coalition of the Radical Left”), bringing to power the first staunchly anti-austerity party in the EU, and the first element in...
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Bill Mitchell: Demystifying Modern Monetary Theory

In a challenge to conventional views on modern monetary and fiscal policy, Professor Bill Mitchell of Newcastle University in Australia has emerged as one of...
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Positive Money Stall at "Change:How?" festival - London - Positive Money

Positive Money Stall at "Change:How?" festival - London - Positive Money | The Money Chronicle | Scoop.it
Tweet Change:How? 2015 is a festival of politics and a fully immersive experience bringing together some of the most innovative and inspiring formations with people from the heart of people-powered politics.
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Jobs for Greeks

Jobs for Greeks
By L. Randall Wray
With Syriza in the driver’s seat, Greece now has some hope for the end to austerity imposed by Germany and the Troika.
Here’s a good short piece by C. J.
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Derek Thompson — Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

Derek Thompson — Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds | The Money Chronicle | Scoop.it
Analysis of six decades of data found that top tax rates "have had little association with saving, investment, or productivity growth." However, the study found that reductions of capital gains taxes and top marginal rate taxes have led to greater...
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QE for Europe – an Opportunity Lost

QE for Europe – an Opportunity Lost | The Money Chronicle | Scoop.it
The return of quantitative easing, only this time with a European zest, has begged many to question whether the ECB is making the right decision or not.
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Robert Reich Reality Checks GOP’s Absurd Ideas About Addressing Income Inequality

On January 26, 2015, Robert Reich writes on AlterNet:
You have to go pretty far back in history to find a Republican president who brought broad-based prosperity.
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Bill Mitchell — Smart Austerity – its just the same dumb austerity

Bill Mitchell — Smart Austerity – its just the same dumb austerity | The Money Chronicle | Scoop.it
“In its current form, EMU is not viable in the long run”.
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The "Angry Birds" Approach to Understanding Deficits in the Modern Economy

Is the USA really going broke? Are we mortgaging the future of our children because of our reckless, out-of-control government spending? Are we really at the...
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▶ The Simple Mathematical Flaw in Modern Economics - YouTube

WATCH THE IMPROVED VERSION AT https://www.youtube.com/watch?v=HIHCAi1MBBA Most people believe that interest is natural to money. However, the way in which mo...
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