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 …
Fix income inequality with $10 million loans for everyone!
Fix income inequality with $10 million loans for everyone! By Sheila Bair Published: April 13 Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got the perfect solution, a modest proposal that involves just a small adjustment …