Ann Pettifor

Ann Pettifor

Political economist, author and public speaker

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Usury

‘Deficit Financing’ or Deficit-Reduction Financing?

/ Debt, Fiscal Conservatives, Fiscal Deficit, Government Borrowing, Interest Rates, Usury

Introduction “Deficit financing” in contemporary economics is controversial – largely because of flawed economic approaches to a sovereign nation’s public finances. The first is the microeconomic approach that treats government budget deficits in much the same way as household deficits. In other words, the assumption that like a household, a government budget deficit is the consequence …

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York Minster EBOR lecture

/ 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)