BBC questions fractional reserve banking

nef has been shining the light on monetary reform for some time now (see previous blogs on the topic) so it was gratifying to see Robert Peston opening last night's BBC documentary on the banks examining this bigger picture question. 


Virginia legislates its own currency

Throughout the last 25 years of our existence - the only 25 years that nef has existed - we have advocated the idea of multiple currencies.  Open money pioneer Michael Linton spoke at our first conferences.  So did the green dollar pioneer David Weston.  We have been supporting the Brixton pound experimen More

Who is in charge of the clattering train?

“Who is in charge of the clattering train?
The axles creak and the couplings strain,
and the pace is hot and the points are near,
and sleep hath deadened the driver's ear,
and the signals flash through the night in vain.
For death is in charge of the clattering train.”

Edwin J. Milliken, quoted by Winston Churchill in the debate on the air estimates in the House of Commons, 19 March 1935


Four degrees and beyond: climate change and irrational minds

In case you haven’t noticed, human beings aren’t entirely rational creatures. For example, we sometimes worry about the wrong things. We’re scared of sharks, but not pigs, even though it’s the latter that kill more people every year. And we’re not always particularly smart about choosing the best outcomes for ourselves. More

San Diego leads the fightback against superstores

The Clone Town Britain reports which nef has produced since 2004 has certainly changed the terms of the debate about high streets, but we have yet to convince most places of the most important part of the argument.


The fight for fisheries must think bigger

Channel 4's Big Fish Fight has put the dire state of the world's fisheries under the spotlight. We are learning about the absurd wastage of 'discards' and that fish stocks are producing less than they used too.The solution that has got most attention so far is for British people to diversify their diet and eat a more adventurous range of species.


Towards a sharing and recycling economy

The average electric drill is used for one day a year.  The average lawn mower for rather more than that, but not much more than six, if my own lawn mower is anything to go by.  The rest of the time they just sit around cluttering up cupboards and sheds.


Why bank bonuses are our business….

Many bankers are getting highly agitated about what they see as completely illegitimate interference in their pay packets.  It’s none of the public’s business say some. Simply the politics of envy say others. Are they right?

Well, no. And here’s why....


Hard work and the Big Society

In the UK, we work longer hours on average than anywhere else in Europe. And yet we have two million people unemployed. Suppose we move to a much shorter working week?


Are we going to get a new definition of progress?

At the end of November the Prime Minister announced that the Office for National Statistics would from this April be measuring 'not just...our standard of living but...our quality of life' and on Wednesday I joined a group convened by the ONS to discuss how to do this. As one of the academics present put it, people have been arguing about this for at least two and half thousand years, the nature of the good life being one of the central concerns of philosophy, and we certainly didn't resolve it in the two and half hours we spent on the subject. More

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