We hear that our national accounts should follow the rules of double-entry bookkeeping. But we can't manage the economy as if it were just a very large company
In the current UK election campaign ‘honesty’ has become a byword. All the main parties proclaim their intention to ‘tell it straight’. Does their enthusiasm hide a deeper wish to deceive?
When I buy a credit default swap, am I gambling or insuring?
The UK Shadow Chancellor's proposal to offer the public a discount to buy shares in banks taken into state ownership over the last two years
Banks make money. Literally, money is their output. But social guarantees are their input. Should they be the ones making money?
Private equity firms are warning that economic growth will be jeopardized if governments do not press state-dependent banks to write off debts owed them by the leveraged buyout industry - so that the industry can start borrowing again. How can private equity be in need of government support?
In October Tony Curzon Price and Thomas Ash replied to Peter Johnson's piece presenting Karl-Heinz Brodbeck’s critique of the utilitarian defence of the charging of interest. Here, Peter Johnson argues that they approached the question from quite different angles and offers to set down a few thoug
Professor Nouriel Roubini believes we are already pumping up the next financial markets bubble, whose collapse will dwarf that of 2008. If he’s right, we face an unthinkable political and economic disaster. Why does he think this, and can we do anything to forestall it?
The separation of the banking industry into utility and other services is moving up the agenda. Could it help prevent the next crisis, and is the political will there to take on the banks?
Foreword
In The Rule of Money I attempted to describe the main arguments in Karl-Heinz Brodbeck's recent book about money. He also deals at length there with the
