ERA Blog

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 »


Does the federal government’s “credit rating” need protecting?

12 May, 2016

Has everyone forgotten the role played by the ratings agencies in the global financial crisis? Have any of those responsible for the wrongdoing of those agencies been punished for their… continue reading »


Governments ‘too focused on budget cuts’ says Bernanke

10 January, 2016

An interview on 26 October by BBC economics editor Robert Peston with former Fed chairman Ben Bernanke [1] has revealed that the latter thinks there should have been a stronger… continue reading »