Creating cash should not be the responsibility of the private banking system, but of the common wealth. Let’s get mutual, urge Molly Scott Cato and Martin Large
… An end to monopoly money Molly Scott Cato Martin Large | 1st … crisis also be used to reclaim banking and money for people and society? Fortunately, … People’s Bank should be allowed to spend new money into circulation – say for permanently …
The deputy-director of the Bank of England is on a national tour to convince us of the seriousness of its policies to ease the recession. Molly Scott Cato can't wait for the punchline
… mission to the world of gilt yields, money velocity and commercial paper to the … good enough that the bank have admitted that money was always created from thin air, that the whole time they have been creating money as debt - at huge cost to citizens and …
Gordon Brown's Budget was disappointing. But not just because of its economic niceties. It fails to address key issues which have become taboo amongst economists - money, debt and economic growth. Molly Scott Cato, a green economist and Senior Lecturer in Social Economy at the Cardiff School of Management, addresses all three...
… which have become taboo amongst economists - money, debt and economic growth. Molly Scott … during the Kyoto process). The nature of money creation within capitalism is the … for growth within the economy. Because money is created as debt by banks, rather than …
The IPCC's latest report makes a stark contrast with Osborne's recent budget, writes Molly Scott Cato. It was all about sacrificing our future for short term benefit - when as the IPCC makes clear, what we need is the precise opposite.
… are particularly irrational when they involve money or have consequences over the long … pension savings. Bribing us with our own money As the theory of hyperbolic discounting … congratulated for trusting us with our own money. But what of the long term? While some …
This budget season, and so a short perambulation around the vexed question of the national debt seems in order. As a nation we've been living with debt for more the 300 years now, since 1694 to be precise, when Scottish privateer William Paterson persuaded the government of the time that creating £1.2 million of IOUs would get them out of their spending difficulties.
… future date), allowing a government to spend money now. When the bonds fall due it is the … public or private, are equally grim. Creating money is easy – banks persuade someone to … selling scheme falls apart. The ballooning of money, debt and economic activity over the …
Molly would glady have been tied to the stake with the other Metric Martyrs... but, being that she wasn't, she's keen to point out why weights and measures matter to all
… Natural World Politics And Economics Society Money molly.jpg Molly would glady have been … most serious of these abstractions is that of money. The name of the ancient Spanish … derivation is unsurprising if you think of money in its original role of underpinning the …
GDP does not distinguish between economic activity that adds to social and environmental well-being and economic activity that destroys it.
… petrol stations, and for keeping hold of the money you would have spent on a takeaway … through the economy and increasing GDP. The money you spent on Zoom registrations and …
Economists have all but forgotten about the source of real wealth - the land under our feet. They do so at their peril
… 2010 Comment Politics And Economics Land Money Green Economics molly.jpg Economists … be traded. They began to equate wealth with money, in contrast to the physiocratic view …
Why, asks Molly Scott Cato, did it take a volcanic eruption to demonstrate to us the hugely fragile links that hold our modern lives and economy together?
… they might encounter. Given their reliance on money to substitute for any other sort of … dependent on basic systems of energy, money and telecommunications that it assumes …
The creation of a new and neutral currency unit linked to the environment would stabilise the economy and reduce CO<sub>2</sub>.
… of the global economic architecture then money was the other. The present financial … in green economics of energy rather than money. The Ebcu proposal would allow the …
Capitalism isn't working. We need a Universal Basic Income as we come out of the coronavirus lockdown into the economic - and the climate - crisis.
… investment should be funded through direct money creation by the Bank of England, or QE. … a burden on future generations. However, the money created through QE must come with …
The French have a much better word for it: 'decroissance'. Using ugly and frightening terms like 'degrowth' won't help pave the way for a new and exciting economics
… key aspects of life—consumer behaviour, money, employment and population—in a …
The European Parliament has had a great week, writes Molly Scott Cato MEP - for those who oppose GMOs in food and farming. MEPs voted on five occasions to say no to GMOs, and gave their support to agroecology as the only sustainable way to feed the world.
… of GMOs in Africa with European taxpayers' money. The draft report had prompted …
The whole notion of a 'work/life balance' is a symptom of how divided we have become from what makes our lives meaningful, and what brings home the bacon
… when we are doing what we dislike to earn money (defined as ‘work’) against times spent …
'Rational Economic Man' can be a useful mathematical construct. The trouble is, far too many economists seem to have taken him to their heart, and now believe him to be real
… local currency Local currencies ensure that money spent at local shops gets reinvested in …
Claims that we need a 'big society' to fix our 'broken' one are just Victorian throwbacks - we have the business tools to survive; we just need a co-operative attitude to go with them
… RBS into the Green Investment Bank would save money and also provide a model of …