Showing posts with label Bank of England. Show all posts
Showing posts with label Bank of England. Show all posts
1 March 2013

Losing Bank Candidates Jostle for Influence

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Back in November when the glitzy (by banking standards) Mark Carney was appointed to head up the Bank of England to general acclaim my suspi...
3 February 2013

Scottish Revenge Served Cold After 300 Years

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Scholars of the history of money will recall the very special role played by Scots in the financial system of Britain and its empire. Ther...
27 November 2012

Has Capitalism Been Overthrown?

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The general acclaim that greeted the announcement of Mark Carney as the new Governor of the Bank of England immediately roused my suspici...
12 October 2012

Adair Turner Makes Play for Job as Governor

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At last a crack appears in the establishment position over the national debt. Following the statement from the Office for Budget Respons...
3 September 2012

Renew Calls for Citizens' Audit

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For a while now I have been blogging about the importance of a Citizens' Audit. The role of such an audit would be to settle the issue o...
30 September 2009

Money system of last resort

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In a system that relies on debt to create money, as capitalist money systems do, there is always a temptation for individual banks to take i...
1 comment:
14 July 2009

Mr. Bean to Explain Quantitative Easing Policy

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This is one of those moments - like when Tom Lehrer gave up satire to commemorate the award of the Nobel Peace Prize to Henry Kissinger - wh...
2 comments:
7 May 2009

Gilty Secrets of the Treasury

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For those whose interest in what the hell the government is up to with our monetary policy continues, I offer the Debt and Reserves (as if!)...
1 comment:
7 November 2008

Capitalist rollercoaster

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Generally in economics 'long-term trends' are anything but. I was recently in a supervision session with a colleague who was describ...
4 October 2008

Bush is laughing all the way

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George W. Bush has been the most successful president of the US I can remember. He came to office with specific objectives, aiming to serve ...
3 October 2008

Prince of Darkness Returns

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I have been wondering for a while what Mandelson has been up to. Along with Kenneth Clarke - and we've certainly been seeing a fair bit ...
20 April 2008

Our national bank lies in ruins

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The Bank of England is actually misnamed. This name suggests a bank that works for the benefit of the citizens of England. This is not its r...
1 comment:
13 December 2007

Political, not banking, crisis

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The world's central banks have made it easier for the world's commercial banks to increase the amount of debt circulating around the...
20 September 2007

Dramatic Demise of King

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Journalists who are referring to the appearance of Mervyn King before the Treasury Select Committee later today as 'theatre' are fo...
22 February 2007

Robbing hoods

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The fact that, as a national economy, we operate with a large and growing level of debt is now accepted as being unproblematic. Yet, as well...