Why Spending Cuts are another variation of “institutionalised white collar crime”

Economist James K Galbraith gave a presentation to the Senate Judiciary Committee in which he speaks of “financial fraud” as the cause for the “crisis”. But that’s not enough: Central Bankers create “currency” as “public debt” from thin air, charge interest to the Government (in the UK as much as the military budget) and call [...]

Quantitative Easing: the BoE explains and I comment

Quantitative easing explained the American way on a 6-minute video. First, I contributed to quantitave easing on Wikipedia. Now, Ask the Deputy Governor offers the following 16 questions addressed to the Bank of England with their answers. Aware of the Bank of England Act 1694, I comment not as an economist, but from the perspective [...]