Insight and inspiration in turbulent times.
Money pervades our everyday economic interactions. But, despite its importance, it is also pervasively misunderstood. Here are three common monetary myths – frequently perpetuated by economists that need challenging.
Like everyone else you were born into bondage, born into a prison that you cannot smell or taste or touch, a prison for your mind.
With Jim Rickards author of The Death of Money: The Coming Collapse of the International Monetary System, and behavioral economist Colin Camerer.
How did we get to a state where corporations seem to have more legal (and financial) access to life, liberty and the pursuit of happiness than the average citizen?
Why are discussions about poverty so often held in luxurious surroundings? Perhaps it’s easier to think that way, without any poor people in the room to muddy the proceedings
•The truth is out: money is just an IOU, and the banks are rolling in it •Limits to Investment •Alive in the Sunshine
In Extraenvironmentalist #75 we discuss our global systems of money and finance with Ben Dyson of Positive Money UK and Brett Scott author of The Heretic’s Guide to Global Finance: Hacking the Future of Money.
The global finance sector today exercises extraordinary power over society. The sector dominates economic policy making, undermines democratic decision-making, has financialised all sectors of the economy, and has made vast profits, often at the expense of both governments and the productive sector.
Money is currently produced by a ‘public-private partnership’ between the state and the financial sector, a partnership whose nature remains obscure to the great majority of the population.
•Get your cash out of fossil fuel backed funds says UN climate chief •If You See Something, Say Something •Church of England says unlikely to quit fossil fuel investment •BP study predicts greenhouse emissions will rise by almost a third in 20 years •Unfortunately, The World Is Still Barreling Towards Climate Cataclysm
In this interview from the 2013 US Society of Ecological Economics Conference we speak with Nate Hagens about his experience on Wall St. and how it led him to become an ecological economist.
As Congress struggles through one budget crisis after another, it is becoming increasingly evident that austerity doesn’t work. We cannot possibly pay off a $16 trillion debt by tightening our belts, slashing public services, and raising taxes. Historically, when the deficit has been reduced, the money supply has been reduced along with it, throwing the economy into recession. After a thorough analysis of statistics from dozens of countries forced to apply austerity plans by the World Bank and IMF, former World Bank chief economist Joseph Stiglitz called austerity plans a “suicide pact.”
