From Mike Norman here copied in full so there is no excuse not to read and fully understand this crucial issue concerning government spending v bonds sales and inflationary risk. [...]
by Richard Douthwaite, from Fleeing Vesuvius. At present, many over-indebted countries are in a quandary — they cannot preserve both their banking systems and their currency's value. This conflict has come about because of the relationship between money and energy supply. To prevent it arising in future, money needs to be issued in new, non-debt ways.
This is a long post in New Economic Perspectives setting out patiently and exhaustively why minting trillion dollar coins is not inflationary in itself [...]
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.
Converging Crises, Policy Responses – Feasta Seminar Series
Date and Time: 12 noon, 1 Friday followed by 4 Thursdays in June and July 2008
Venue: Irish Architectural Archive building, 45 Merrion Square, Dublin 2
This series of seminars was aimed primarily at policymakers, however Feasta members were most welcome too.
The five seminars are as follows:
The Future’s Not What it Used to Be, Friday 13th June
Many of our civilisation’s key resources have become more tightly coupled and are under increasing strain. We look at the systemic interactions of energy, greenhouse gasses, food, and the macroeconomy; …
This paper, which was written for CORI Justice, gives an overview of Feasta’s ideas about economic growth, money systems, peak oil, and the need for a land value tax and for citizen carbon quotas.
by Richard Douthwaite and Emer Ó Siochrú
The full document is included below, or download a PDF version.