Philip Arestis Archive

FT: Letter to the editor

[Skip to the end] Published letter to the editor in FT. Expect public-sector deficits and oil prices to go on rising by Prof Philip Arestis, Dr John McCombie and Mr Warren Mosler. Sir, Public-sector deficits and crude oil prices will probably both continue rising. Chris Giles’ reports, “Treasury to reform Brown’s fiscal ...Read More

Re: banking system proposal

Dear Philip, Yes, as in my previous posts, bank stability is all about credible deposit insurance. I would go further, and have all regulated, member banks, be able to fund via an open line to the BOE at the BOE target rate. That would eliminate the interbank market entirely, and let all ...Read More