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The money paradox

Written by Michael Reiss Wednesday, 22 February 2012
Since starting to look into the nature of our monetary system, there is one particular argument I have heard played out time and time again: On one side we have: “Banks can create money out of nothing. They do not need to have somebody’s savings in hand in order to make a loan”. On the other side we have: “Banking regulations dictate that banks are only allowed to lend out a fraction of their depositors money”.
Central banking, its intellectual foundations and its most powerful agents today... what does it all mean? We take a good look at the Bernanke Fed and the cartel of central banks, and wonder whether we are being well lead by our financial captains. Read on to learn more and see how these issues are linked to the gold price.
I dreamed about a movement like Occupy Wall St. starting in America when I first became aware of the youth uprising in Egypt. I knew it was only a matter of time before it eventually landed here in America.

Herman Daly - on Homo Economicus

Tuesday, 14 February 2012

What really counts for our happiness and welfare? Professor Herman Daly on what's important for economic man.

Noam Chomsky - On the Cold War

Monday, 28 November 2011

Was the Cold War a battle between capitalism and socialism?

Are the Move Your Money protests enough to make our banking system change? I don't think so - I think we need to be changing our money not where our money sits.
Earlier last week, I was lucky enough to see preview clips of a film which I am convinced will get people talking, thinking and taking a stand against the entire monetary system and its elite.

With the Church of England in disarray who better to talk to about dissent and the occupy movement than the legendary turbulent priest.

You don't have to be a political economist to see the common sense truth of addressing the land question and capturing the value.

As anyone familiar with classical political economy knows, true property rights are rooted in self-ownership. 

The commodification of land itself is not the issue. The issue is who gets the benefits of the access rights.

Our Monetary System

Written by Michael Reiss Wednesday, 02 November 2011
Most people assume that the government directly controls the amount of money in the economy.

In Conversation with: Steve Keen

Written by Megan Ashcroft Sunday, 16 October 2011
The Renegade Economist in conversation with Prof. Steve Keen.

Producers vs. Predators

Written by Ross Ashcroft Friday, 07 October 2011

The producer predator divide has always split capitalism. As it pushes society to its logical conclusion populist politicians are trying to cash in – can they really address the root problem? 

Thoughts from a former trader on the Financial Fallout.





As you’re aware, at the Renegade Economist we feel there’s a great deal wrong with both the discipline of economics and the kind of economy we’ve ended up with. Much of this can be attributed to the continuing failures in the academic realm so when a book drops onto the doormat with the straightforward title “What went wrong with Economics” we take a particular interest. And on this occasion, our interest was more than justified.

Central Banks & the Gold Price

Written by Alasdair Macleod Tuesday, 13 September 2011
Last week the Swiss National Bank suddenly announced that it was "no longer going to tolerate a EUR/CHF exchange rate below the minimum rate of CHF1.20." 

Where from Here?

Written by Mark Braund Wednesday, 07 September 2011

Over the last nine weeks I have looked at the means by which a privileged elite secure for themselves vast quantities of wealth; wealth which, by any reasonable understanding of economics, is unearned and undeserved.

What is the fall-out from a financial industry now so detached from the rest of society?

Time for an Upgrade

Written by Mark Braund Wednesday, 31 August 2011
While unearned wealth is both a symptom and a driver of economic injustice, the objective of transformative social change is not to soak the rich, but to create an environment in which economic opportunities are more widely distributed among the population.
Dr Ha-Joon Chang explains why "Trickle-Down" is probably the biggest lie ever told.  (It really is).
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