Tag Archives: John Kay

Possible new study of banking and banking crises

It is now 11 years since the global¬†financial system teetered on the brink of collapse and governments were forced to intervene to prop up it up. These¬†interventions took the form of government effectively guaranteeing all counterparty risk across the system. This secured¬†the continuation of banks’ deposit taking and business and personal credit activities (i.e. their […]

A Note on the CUiSL class on 21 September 2017 on Universal Basic Income

Framework for discussion The class agreed that, while Universal Basic Income (UBI) could be analysed from a social welfare perspective, it could also be viewed as a reform of income tax. The approach adopted by the Economics Commission of the Communist Party in their report From Each According to Their Means[i] would then be relevant: […]