ERA Blog

Paying for public services, in a monetary sovereign state

5 December, 2016

If our national Government was to spend more than the currently budgeted amount on your health care system next year, it would be good to know how they would finance… continue reading »


Try fiscal policy, stupid!

21 September, 2016

The Bank of England is actually finding it difficult to persuade investors to sell it sufficient government bonds to facilitate its planned bank reserve for government bond swap (sometimes called… continue reading »


What causes changes and fluctuations in the volume of money?

18 July, 2016

A New Zealand colleague recently drew my attention to the NZ Royal Commission into Monetary, Banking and Credit Systems (1956) [1], and in particular to clause 157: ” 157. The… continue reading »