ERA Blog

The biggest intellectual scandal of our time

2 September, 2017

If mainstream economists had thought and behaved differently after 1980, then arguably the world would not be in its current state of disarray, and much of the social and environmental… continue reading »

Reserve Bank decision time: good luck Australia!

12 June, 2017

On the first Tuesday of every month (except January, when they are all off on their holidays) the governor of the Reserve Bank of Australia (RBA) meets with the deputy governor, the Treasury secretary and six… continue reading »

Creation and destruction of bank credit money

18 March, 2017

It is well known and understood that the nation’s money supply overwhelmingly consists of deposits within bank accounts of an intangible entity known as bank credit money. This form of… continue reading »