Economic Reform Australia Blog

ERA submission to the Financial System Inquiry

The following is a short submission made by ERA to the Australian Inquiry into the Financial System (FSI), and can be found in the public document containing all of the submissions. The Chairman Australian Financial System Inquiry Dear FSI chairman, Economic Reform Australia (ERA) is responding … [Read more...]

Mainstream economists do not understand banking

The following quotes from some eminent heterodox economists and leading central bankers reveal that they understand something¬† about the nature of banking which we know is simply denied by many mainstream economists. Namely, that banking institutions around the world create new credit money in the … [Read more...]