Clive Menzies, who’s been involved in the investment management industry for over 30 years, argues that monetary reform is inevitable if we want to survive. The Corporation of London may be quaffing champagne having evicted OccupyLSX, but they, and the rest of the 1%, need to recognise the growing threat […]
We live in an age of austerity. No, that is wrong. We are continually told that we need to live in an age of austerity. Better. The difference between these two statements is crucial. The first message is the one that is repeated so often that we have come to […]
Asks Dr Michael Reiss of fullreservebanking.com and author of ‘What Went Wrong With Economics’. Why are politicians so frightened to let any major banks go under? Is there a difference between a bank failure and the failure of any other kind of business? The answer is yes, and the reason […]
Time again to strap on your armbands, kick off your flip flops, and go for swim in the dark waters of the derivatives market. Careful not to swallow anything – this water is toxic. Last edition, you’ll remember (how could you forget?) we talked about Credit Default Swaps: how they’re […]
This year the Queen is celebrating her 60th ‘jubilee’ but the original meaning of jubilee had a lot more to do with righting injustice than an extra bank holiday and Brian May on the roof of Buckingham Palace, says Tim Jones of www.jubileedebtcampaign.org.uk The word ‘jubilee’ comes from the Jewish […]
This month saw the launch of Move Your Money UK, a national grassroots campaign to spread the message that we, as individuals, can help to build a better banking system through our buying power. The campaign follows a highly successful movement in the US which has led to over 10 […]
In the wake of the brutal austerity package – cutting 3.3 billion euros of wages, pensions and benefits – which has just been passed by the Greek parliament, Professor Yanis Varoufakis, Professor of economic theory at the University of Athens, gives the OT his unique insights into the dark days […]
Dan Bernhardt, Professor of Economics and Finance at the University of Illinois, tells us how he thinks the Occupy movement has influenced the world of economics. The Occupy movement has had a significant impact on how the public perceives the optimal degree of progressivity of taxation (more public support to […]
“I stood on this platform only a year ago and said that Europe could recover its dynamism. I still believe we can. But only if we are bold. Only if we fight for our prosperity. Get to grips with the debt. Take bold decisions on deregulation, on opening up the […]
A few weeks ago Westminster MP Mark Field, one of Britain’s most prominent cheerleaders for tax havens and the City of London, cited a couple of interesting statistics, to bolster his argument that people should go easy on tax havens. “The UK has a constitutional relationship with half of the […]