Economists calling for “QE for the people”

We at ethical markets agree and have also  called for more democratized  and future-focused  ways of  designing quantitative easing :  “ the trickle up “ approach  proposed by Milton Friedman  of just taking cash up  in helicopters and throwing it out the windows “  ( seriously supported  in FOREIGN AFFAIRS …

Other News: Financial reform: Call to arms

Financial reform: Call to arms   By Martin Wolf – Financial Times   Post-crisis efforts to bolster economies and create safer banks have only preserved a flawed system   The financial crises and the years of economic malaise that followed represent profound failures of the economy and of policy. Above …

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 …

Global assessment of best practices in green growth reveals pathways for success

  Knowledge Update Issue 2014-5                                                                                         1 …

Collateral Damage: QE3 and the Shadow Banking System

  by Ellen Brown Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk …