There’s a good discussion by Mike Sandler on the Huffington Post of the controversy over the trillion dollar coin; it’s encouraging that the debate over money creation is becoming so mainstream in the US. “Be on the lookout for debt-free, interest-free money, coming soon to a country-needlessly-plunged-into-recession-by-austerity near you.” Some useful comments also. Read the post.…
Jan 15, 2014 5 Comments
The casino metaphor has been widely used as a part-description of the phenomenon of over-financialisation. It’s a handy pejorative tag but can it give us any real insights? This article by @GrahamJBarnes pursues the metaphor to extremes so that we can file & forget / get back to the football or possibly graduate to next level thinking.
Oct 15, 2013 No Comments
The debate surrounding the Irish budget was characterised by a false choice between ‘austerity’ or ‘growth’. In fact, neither option is viable. Instead, what is needed is a radical re-structuring of our economy to ensure that we live within ecological limits in a just manner.
May 24, 2013 No Comments
Graham Barnes attended the recent Transforming Finance event in London. Here are some of his recollections.
Mar 04, 2013 4 Comments
Feb 07, 2013 1 Comment
In this article Caroline Whyte makes a case in favour of global per-capita allocations of funds from the share in Cap and Share: a sort of worldwide cash transfer programme. She draws on recent development theory, technological innovations and research on social and economic equity to bolster her argument.
Jan 31, 2013 1 Comment
So here we have it. The austerity versus Keynsian spending debate is about as useful as arguing whether the earth is flat or sitting on the back of a pile of turtles. Neither will provide sustainable interventions to our converging crises while the debt-based money system remains the only significant game in town. By Graham Barnes.
Jan 19, 2013 No Comments
Nov 13, 2012 10 Comments
A consensus becomes established out of the persistence of what it attempts to describe. It is inherently retrospective. It tends to assume that what has been, must continue. A couple of decades of low interest rates and stable global economic growth, and well, it becomes the natural order of things.
Oct 08, 2012 No Comments
While “green technology” is an important response to the convergent crises that Ireland and other nations face, it is important not to overlook two other important macroeconomic issues: our current dependence on debt-based money; and the need to rebuild and strengthen local economies. By Graham Barnes.