Corbyn v. The Deficit Dimwits

Jeremy Corbyn’s unexpected leap to the front of the Labour Party leadership race has inadvertently created a modern miracle: it has united every organ of the mainstream media from the Guardian to the Telegraph, and every politician to the right of Dennis Skinner. They all agree that his plans for the economy are bonkers. If…

In Search Of A Good Story

Last month’s general election for the UK parliament provided a harsh reminder to some political parties that electoral success is all about telling a good story. The narrative has to be one that the electorate wants to believe or, at the very least, one that appeals to their common sense. The Scottish National Party won…

Financial Reform: An Alternative Use For “Yes”?

The Scottish independence referendum was about different things to different people, but a common theme was the hope of finding better ways of doing things: ways of tackling poverty and inequality; ways of moving government closer to communities, of making democracy more responsive; ways of encouraging an economy to thrive. For many people who are…

Very encouraging to see Martin Wolf in the Financial Times talking seriously about full reserve banking. His┬áproposals for are a step in the right direction but are only part of the solution. They highlight a set of additional underlying problems that also need to be addressed. He takes no account of one of the main…

Here’s another video from Positive Money for those of you who have yet to catch on to the fact that our financial systems are dysfunctional by design. I know lots of people find this stuff dull but if we don’t change the ways that we use money then the financial crises will keep coming, one…