‘new economics foundation’ – ‘new economy’ renegade economists propose radical changes in banking

Michael HollowayOccupy Toronto
19 July 2012
by Michael Holloway

‘The Centre and Centre-Left. Social Democrats and Liberals in opposition, could effectively electorally challenge neo-liberal governments with this model…’

 

new economics foundation” is a group of renegade economists who have named themselves as part of a new school called the ‘new economy’ school. They propose specific changes to banking rules; basically a coarse away from fractional reserve banking – and towards sovereign central banks under democratic control.

‘New Economics’ is a sensible and realistic economic policy alternative to the neo-liberal regime and their austerity approach to solve the crisis they have created.

It’s a template that a people’s government could institute right now as an alternative to the neo-liberal economic model.

The strategy takes key powers away the banks and financial institutions which presently account for almost all the ‘growth’ in the neo-liberal economys. New Economics proposes a restart the economy with spending by central banks to maintain and expand public infrastructures – education, transportation, housing, energy.

Centre and Left-Centre, Social Democratic and Liberals in opposition could effectively, electorally challenge neo-liberal governments with this model – the model becomes a more effective political tool as the crisis deepens.

new economics foundation” (nef) is a group of ‘radical’ economists who propose specific changes to banking rules that would end the financial crisis. By returning the power to create new money back to the central banks, thus ending the recent era marked by the dominance of the financial sector.

Solving the Debt Problem & Financial Crisis: On Monetary Reform with Ben Dyson

 

 

About nef (http://www.neweconomics.org/about)

nef (the new economics foundation) is an independent think-and-do tank that inspires and demonstrates real economic well-being.

We aim to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environment and social issues. We work in partnership and put people and the planet first.

nef was founded in 1986 by the leaders of The Other Economic Summit (TOES) which forced issues such as international debt onto the agenda of the G7 and G8 summits.

We are unique in combining rigorous analysis and policy debate with practical solutions on the ground, often run and designed with the help of local people. We also create new ways of measuring progress towards increased well-being and environmental sustainability.

nef works with all sections of society in the UK and internationally – civil society, government, individuals, businesses and academia – to create more understanding and strategies for change.

 

Renegade Economist with Positive Money

 

Ben Dyson lecture (24:24)

Ben Dyson of Positive Money at the Just Banking conference on 20th April 2012

Dyson fields questions from the audience at 19:16.

 

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[Via Donna Jennison post at Casseroles Canada - https://www.facebook.com/groups/242330792546515/permalink/263875993725328/]

 

Links:

Positive Moneyhttp://www.positivemoney.org.uk/

New Era Network | Ben Dyson profile – http://neweranetwork.info/generationnext/ben-dyson/

Youtube, Event Video Services | playlists | Just Banking Conference
Just Banking conference on 19th April 2012” (2 videos) – http://www.youtube.com/playlist?list=PLDF418BE7D931F75A&feature=plcp
Just Banking conference on 20th April 2012” (13 videos) – http://www.youtube.com/playlist?list=PL6A55C517496A1DE7&feature=plcp

Just Bankingwww.justbanking.org.uk/

The American Monetary Institutehttp://www.monetary.org/

The American Monetary Institute 2012 Conference – Chicago, Sept. 20-23, 2012 – http://www.monetary.org/2012-conference

Alternet, “The Rise of the New Economy Movement(Activists, theorists, organizations and ordinary citizens are rebuilding the American political-economic system from the ground up.) - http://www.alternet.org/economy/155452/the_rise_of_the_new_economy_movement

 

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