Ann Pettifor on BBC Radio 4: Return of Bretton Woods?
The World Tonight, Monday 14th October, 2008, 10.38pm. Listen here
Ann Pettifor on BBC Radio 4: Return of Bretton Woods? Read More »
The World Tonight, Monday 14th October, 2008, 10.38pm. Listen here
Ann Pettifor on BBC Radio 4: Return of Bretton Woods? Read More »
12th October, 2008. The news that Britain’s local authorities may have lost up to a £1 billion in the collapse of Iceland’s banks beggars belief. The competence of their highly paid chief executives must surely be challenged, and powers to borrow on international capital markets curtailed.
Iceland, debt and Laxness, the Nobel Prize Winner Read More »
11th October, 2008 The sin of usury, diluted by Eck and the Fuggers banking family in the 1500s, ceased to be condemned as a sin after John Calvin (pictured) gave a license to the charging of interest. Usury as a sin should be brought back now, I argue in the columns of the Guardian today. Read the
Both the British Chancellor, Alastair Darling and the shadow Chancellor, George Osborne, have been on the radio this morning, resisting the idea that interest rates are political. Instead they have argued, vehemently, that the Bank of England is independent, and that the Bank must decide whether or not to lower interest rates.
Rates: the BoE is not independent – it has a political mandate Read More »
Sunday 5th October, 2008 The decision tonight by Germany to guarantee 100% of all savings in German banks first flagged up by the BBC earlier this Sunday evening, but modified later, is a clear signal that there is panic afoot. A run on German banks must be imminent. Why? Because the only way to prevent
Wednesday 1st October, 2008 The massive deflation/de-leveraging of credit and debt that is now cascading through the banking system and rapidly deflating the value of housing and other assets in the Anglo-American economies will precipitate large-scale, global economic failure, for years to come. Read more…
The Credit Crunch and the Green New Deal… in Compass Read More »
Tuesday 30th September, 2008. Anglo-American finance ministers and central bankers, like little Dutch boys, try desperately to plug leaks in the bursting dyke that is the international financial system. In the US, treasury secretary Hank Paulson hoped for $700bn to plug the gaping hole in Wall Street’s banks. In the UK, the government is not
Tuesday 30th September, 2008. Sir, Your editorial “In praise of free markets” (September 27/28) conflates regulation of trade markets with that of financial markets. This is a flawed analysis, one at the core of most economic orthodoxy – that money, like land, oil, soya beans, diamonds or gold, is a commodity, and therefore that trade
Bring back cool reasonable voice of Keynes… in the FT Read More »
Monday, 29 September, 2008. Is Warren Buffett right? If this bail-out had been passed by congress, would it have halted the meltdown? I don’t believe so. Here’s why…
Why the bail-out would not work… on BBC News Online Read More »
Saturday, 27th September 2008. Lawmakers in the US struggle to come to terms with the scale of the financial crisis, the Paulson solution, and the role of government in resolving this crisis. Republicans, particularly conflicted, sabotaged the $700 billion bail-out last Thursday. At this moment Alan Greenspan proferrs advice from the lofty heights of the