Ann Pettifor: Debtonation

“The “nature of money” is the most important factor, Pettifor says. She believes that the common view of banks is that they act as intermediaries between patient savers and impatient borrowers, but “banks haven’t done that since 1694,” she says. If this were the case, she adds, then “we wouldn’t have a massive expansion of credit at the same time as we have a contraction of savings” – something she cites as the cause of the 2000 dotcom bubble bursting. The conversation turns to the...

The following was published by David Thorpe on the FT’s Adviser blog, and can be found here: https://www.ftadviser.com/investments/2017/11/30/obr-accused-of-damaging-uk-economy-with-productivity-data/ The Office for Budget Responsibility (OBR) and others including the government are wrongly focusing on the UK’s weak productivity growth in a way that is harming the future economic prospects of the country, according to Ann Pettifor, director of Prime Economics. Ms Pettifor was before...

Ann Pettifor speaking at the 2017 DIF Live Launch event. See more: www.thinkdif.co. Ann is the author of The Production of Money, (Verso, 2017), director of PRIME economics, and a member of Labour’s Economic Advisory Committee. She was one of a few economists to correctly predict the crisis in her 2006 book The Coming First World Debt Crisis (Palgrave). Her background is in sovereign debt. She led a campaign that resulted in over $100bn of debt owed by the poorest countries to be cancelled,...

This article was first published on the Prospect magazine website on 15th October 2017 “Strong and stable” seems of a world so far, far away. Yesterday’s Daily Mail headline “PM slaps treacherous Chancellor down” portrays a government in political chaos. Thanks to open, unresolved intra-Brexiteer warfare, ministers are unable to agree the basics of how to exit the European Union. This state of uncertainty intensifies just as the risks to British jobs and living standards are becoming starker...

Produced by Antony Carpen for Imagine2027. See http://www.primeeconomics.org/ for more on Ann's work Follow Ann on Twitter at https://twitter.com/AnnPettifor For more on the Imagine2027 talks, see https://imagine2027.org.uk

Produced by Antony Carpen for Imagine2027. https://imagine2027.org.uk/ @Imagine2027 #Imagine2027

Ann Pettifor was interviewed by Antony Carpen. See http://www.primeeconomics.org/ for more on Ann's work Follow Ann on Twitter at https://twitter.com/AnnPettifor For more on the Imagine2027 talks, see https://imagine2027.org.uk

ANN PETTIFOR on bailing out RBS ANN PETTIFOR on bailing out RBS ANN PETTIFOR on bailing out RBS In this extract from the 'Money for Nothing' episode of Renegade Inc, Ann Pettifor discusses the terms in which RBS was bailed out. ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Renegade Inc. provides its members with the content and connections that help navigate the ‘new normal’. Finding the people who are thinking differently about the world means we offer an alternative perspective on business,...

Eleanor Penny caught up with Economist Ann Pettifor for a quick chat about the potential of an IMF crisis. --- http://support.novaramedia.com The UK is facing an economic crisis, falling living standards, a climate crisis, the rise of the far-right. More than ever, we need a resilient Left. This means we need a strong Left media, capable of thinking honestly about the issues facing us, tackling these issues head-on, as well as reaching out to those who aren’t yet on side. Our wide range of...

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