Graham Barnes identifies five sources of credit creation and suggests some ways in which we could privilege the most desirable ones and discourage the others.
Graham Barnes argues that the misallocation of credit by banks exacerbates instability and inequality, and results in the neglect of projects that aren't profitable. He proposes two possible solutions.
As the 99% become progressively aware of embedded unethical and unfair systemic values, might monetary disengagement become a key part of a trend to separate and distance ourselves from the mainstream economy – a Great Separation? By Graham Barnes.
This talk given by David Knight on July 4th describes three possible future scenarios: runaway climate change; collapse triggered by peak oil; and "green future". He takes into account recent claims that peak oil can be postponed by the adoption of unconventional methods of oil production, and he concludes by presenting a wish list of actions by governments and citizens.
Credit rating agencies do a terrible job of forecasting their clients' futures, and yet their ratings can have catastrophic effects on financial markets and on vast swathes of the world economy. Clearly something needs to change here. Could a proposed new European agency help?
We may rail against the regulators, politicians, and others who failed to understand and manage past risks, but we are just as culpable for our failure to engage with severe, well-signposted, imminent ones.