Money out of thin air and nothing for the poor

A letter a day to number 10. No 1,372 Tuesday 15 March 2016. Dear Mr Cameron, Let’s talk about money. Money is neither a natural resource nor is it a finite resource. Money is entirely man-made, 93% of which is now made out of fresh air, just numbers on a computer screen. Think of money […]

Positive Money and that £375 billion in QE given to the banks

A letter a day to number 10. No 1,168 Tuesday 04 August 2015. Dear Mr Cameron, When the Bank of England can create £375 billion of new money, that’s nearly £6,000 for every man, woman and child in the UK, and give it to the banks and financial markets entirely free of charge, your government […]