Displaying items by tag: finance

More than 99% of the general public think that money works as a system of tokens (real or electronic) that get passed from person to person as trade is carried out. 

Bypass the bankers

Wednesday, 11 July 2012

Ooh, a banking enquiry. Bob Diamond's geezers will be quaking in their Guccis.

Anybody else noticed the transition these days from a group of bankers, bureaucrats and politicians grappling (and largely failing) with an intractable economic crisis, to something more sinister?

The Renegade Economist in conversation with Ann Pettifor.
What does the close relationship between Prime Minister, David Cameron, and mathematician and philosopher Nasim Taleb mean for UK economic policy? And if Mr Taleb's theories on Black Swans, risk and debt are being absorbed by the PM, what are the implications be for savers and investors?
Last week the European Central Bank (ECB) injected another €530bn into the banking system through something that is called LTRO (Long Term Refinancing Operation).
Last month the Bank of England announced another £50 billion of Quantitative Easing (QE), taking the total since the start of QE in March 2009 to £325 billion. The reason for more QE cited by the Bank of England is to stimulate the economy. However when we look into how QE works we will come to the conclusion that this is not the case at all.
Ross Ashcroft from the Renegade Economist met Ben Dyson and Andrew Jackson from Positive Money. We spoke to them on their proposals to reform the monetary system.
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.

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.

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