This electronic money cannot survive and is morally unfair. The money fails on a number of points. 1. The individuals who receive it first have an advantage over those who receive it last. As the first receivers lower their cash holding, and more cas...
Richard Douthwaite, co-founder of Feasta and much-loved colleague and friend, died on November 14th 2011 after a long illness. We will miss his unique and far-ranging intellect, the clarity of his thought and writing, his warmth and his laughter. Tributes to him have come in from around the world and you can read them here.
The Road to Serfdom by [email protected] (With apologies to Friedrich Hayek) By Marshall Auerback The markets are again in free-fall and, once again, a lazy Mediterranean profligate is to blame. This time, it’s an Italian, rather than a Greek. No, not Silvio Berlusconi, bu this fellow countryman, Mario Draghi, the new head of the increasingly [...]
Marshall Auerback on EU Crisis interviewed on the Business News Network.
My goodness, have things come to this? The normally circumspect Ambrose Evans Pritchard writes in the conservative UK newspaper The Telegraph as follows… “Having followed the German political scene closely for the last five months, it is clear to me that almost the entire German political establishment is out of its depth, ideological, sometimes smug, [...]
The financial world has out-stripped the real world. Our current economic crisis is too good an opportunity to miss since it allows radical action to be taken.