IMF’s Blunt Message to Nations: Raise Fossil-Fuel Taxes to Fight Climate Change

Ethical Markets has campaigned for 30 years to get all externalities internalized within company and public sector balance sheets. We salute the IMF for this report and I hope to review the full volume soonest. ~ Hazel Henderson,Editor IMF’s Blunt Message to Nations: Raise Fossil-Fuel Taxes to Fight Climate Change …

You Can’t Taper a Ponzi Scheme: Time to Reboot

One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest. The Wall Street Journal reported on July 2nd: Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the …

The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In

Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent …

Financial Times: Strip private banks of their power to create money

Ethical Markets fully supports Positive Money .  Congratulations on this breakthrough into mainstream media – Hazel Henderson, Editor Another major breakthrough in the monetary reform debate!   Fantastic news: The debate on money reform goes mainstream! Last week has the leading UK economics commentator, the Financial Times’ Martin Wolf, argued that “the …

Review Of ‘The Second Machine Age’

Summary Hazel Henderson’s perspective on the recently published book, ‘The Second Machine Age’ by Erik Byrynjolfsson and Andrew McAfee, authors of Race Against the Machine. Explores the role of digitization in finance, economics and the economy. Lauds authors’ break from traditional “economism” while questioning their faith in silicon valley. Erik …

James Robertson Newsletter No. 46 – The business-as-usual world of today shows symptoms of “madness”

James Robertson Newsletter No. 46 – April 2014 The full Newsletter can also be viewed at www.jamesrobertson.com/newsletter.htm.    CONTENTS A New Website Item 1. Introduction 2. Work – In Industrial Civilisation and After 3. Corporations Must Experience Austerity 4. Glimpses of a Possible Future 5. Money: Signs of Progress 6. …

Dubious Positive Biases in Revised U.S. Economic Statistics

Why do most of the methodologically revised U.S. economic statistics tend to create a picture of a more positive looking economy? Do these revised statistics really give a better—or illusory—understanding of economic activity? And is it coincidental that the benefits flowing from these more positive looking statistics largely accrue to powerful elites who also have …

Bank of England talks about money creation for the first time

We have some seriously big news to announce!  1) Huge milestone in our campaign When we launched the Positive Money campaign 3 and half years ago and started talking about the fact that banks create money, we were faced with disbelief and shock. A common response was: ‘I don’t believe you. I …

Industry Awakens to Threat of Climate Change

     Industry Awakens to Threat of Climate Change   By CORAL DAVENPORTJAN – The New York Times   WASHINGTON — Coca-Cola has always been more focused on its economic bottom line than on global warming, but when the company lost a lucrative operating license in India because of a …

Could 3 simple changes to banking fix the economy?

Could 3 simple changes to banking fix the economy?   Dear hazel, If someone told you that a mountain of personal debt could be cleared via 3 simple changes to the way that money and banking works, would you like to know how? Would you like to see a more stable economy, with more …