Oct 28, 2011 No Comments
Oct 16, 2011 11 Comments
Sep 23, 2011 No Comments
Sep 17, 2011 No Comments
Feasta’s Autumn conference examined measures that this country could adopt to secure its economic future which would not leave it reliant on external factors largely outside of its control. Scenarios explored included the potential collapse of the eurozone. The conference featured prominent international and Irish economists and was aimed at economists, politicians, policy-makers, business people, social partners, and other key decision-makers. Conference videos Conference programme (pdf)
Sep 17, 2011 7 Comments
Feasta has been exploring the potential for parallel currencies for some time, largely through the Liquidity Network project which is aimed at boosting local economies at a time when euros are scarce. Now a related idea is gaining traction at a national level in the form of a Parallel Punt. This surprisingly conservative option was discussed at Feasta’s Autumn Conference held in Dublin on 22nd/ 23rd September. In this preview Graham Barnes set the scene for what could be a gamechanging development.
Aug 19, 2011 Comments Off
Michael Hudson is always worth the time to read. In this piece in New Economic Perspectives he eviscerates the rating agencies. Here are his concluding remarks.. …No less a financial publication than the Wall Street Journal has come to the conclusion that “in a perfect world, S&P wouldn’t exist. And neither would its rivals Moody’s [...]
Jul 29, 2011 1 Comment
The conventional way of financing property development entangles those involved in a web of debt and conflicting business interests. This week we are featuring two articles from Fleeing Vesuvius which describe a new way of organising developments that promises better buildings, more affordable rents and a stake in the outcome for everyone. Chris Cook provides an overview of this new approach and James Pike gives examples of how it could work to rescue building projects hit by the downturn in Ireland.
Jul 19, 2011 1 Comment
The EU’s collective austerity programme will do little or nothing to save the problem countries – Ireland, Greece, Portugal and Spain – from default and the rescue fund set up by the IMF and the ECB will only buy time before they do so. Richard Douthwaite argues that a limited, targeted injection of non-debt-based euros could provide a neat and swift solution to a debt problem the whole eurozone shares.
Jul 05, 2011 Comments Off
I really like this idea, below copied in full, that Warren Mosler has devised for Greece but fully applicable to Ireland. Mr Mosler doesn’t seem to want for self confidence. Perhaps he has good reason. [...]
Jul 05, 2011 2 Comments
The group organising the newly formed ‘Cafe Economique’ in Nottingham wanted an introduction to basic money theory for their first public event on Thursday 30th June and this article, written by Feasta member Brian Davey, was the result. The extended version of the talk, with notes on sources and for further reading, relates basic concepts to what is happening in the world right now, inclusive of the Greek financial crisis, and what should be done about it.
Jun 07, 2011 Comments Off
The Greek bailout provides an opportunity for privatization grabs. When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. [...]
Jun 01, 2011 Comments Off
Martin Wolf says : The eurozone confronts a choice between two intolerable options: either default and partial dissolution or open-ended official support. The existence of this choice proves that an enduring union will at the very least need deeper financial integration and greater fiscal support than was originally envisaged.
May 31, 2011 Comments Off
MMT does not consider it feasible to run a national economy in a way that advances public purpose at all times if the national government has surrendered currency sovereignty in any way.