Credit Creation

Savings and the alchemy of credit – my article for Aviva

July 18, 2011 September 20, 2011 / Banking Crisis, British Banking, Credit, Credit Creation, Debt, Financial Crisis, Interest Rates, International Financial System, Keynes, Money

Aviva has brought together a collection of prominent thinkers to provoke renewed debate and fresh ideas about future prosperity and creating a culture of sustainable savings. The group, names the ‘Future Prosperity Panel‘, published their report ‘Big picture thinking – Towards sustainable savings’. My article is called ‘Savings and the alchemy of credit’ and is published …

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Is George Osborne a radical Chancellor? – far from it

March 28, 2011 July 18, 2011 / Anglo-American Financial Crisis, British Banking, British Chancellor, Credit Creation, Economic Orthodoxy, UK Financial Crisis

I was on Newsnight last week, to comment on the Budget. (You can watch it with the BBC’s iPlayer..our slot is about 35 minutes into the show.) Newsnight’s Jeremy Paxman posed a question to the panel, which included Lord Lamont, ex-Chancellor, and Irwin Steltzer. He asked: is George Osborne a radical Chancellor?” Radical, according to the dictionary definition …

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If Japan Can Address Her Crises, Then the U.S. Can Address Job and Energy Insecurity

March 21, 2011 July 18, 2011 / Central Banks, Credit Creation, Economic Orthodoxy, Interest Rates

Posted on the Huffington Post today: The disaster in Japan is almost beyond comprehension. Without minimizing the scale of the humanitarian tragedy, it is already possible to discern the emerging economic debate. Stock markets immediately anticipated the potential benefits to Japan’s construction industries and their suppliers. Policy makers in the U.K. and Europe, who are …

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Financing the Green Economy Transition

March 21, 2011 July 18, 2011 / Bank of England, Central Banks, Climate Change, Credit Creation, Green New Deal

Below is a short paper I wrote as part of work with Sir David King and the Smith School of Enterprise and the Environment: “We are capable of shutting off the sun and the stars because they do not pay a dividend. London is one of the richest cities in the history of civilization, but …

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Women talking macro-economics

February 5, 2010 July 4, 2011 / Bank Bail-outs, Banking Crisis, Credit, Credit Creation, Democracy, Financial Crisis, Keynes, Money, US Financial Crisis

5th February 2010 My conversation earlier this week with Elena Sisti – of Italy’s Altreconomia on macro-economics, reform of the finance sector, money, and yes, how we women have left the all-important matter of finance to the boys. Big mistake. It’s time to get in there, and exercise influence. Too much is at stake.

York Minster EBOR lecture

December 12, 2009 July 4, 2011 / Anglo-American Financial Crisis, Bank Bail-outs, Bank of England, British Chancellor, Credit, Credit Creation, Debt, Economic Orthodoxy, Financial Crisis, Fiscal Deficit, Government Borrowing, Green New Deal, UK Financial Crisis, Usury

12th December 2009 At the end of last month I delivered the prestigious EBOR lecture at York. My address was entitled: “Credit, usury and political power: chasing the moneylenders from the temple that is our democracy” Click on the link below to read a PDF version of the full lecture: EBOR Lecture November 25th (PDF)

Ann Pettifor