While the Australian banking ‘industry’ has plenty of devoted insiders who refuse to countenance any change to the status quo, even they have to admit that the performance of their “meal ticket” […]
Some readers of the Glass Pyramid are very excited by the potential of MyRBA to introduce a genuinely democratic Reserve Bank of Australia (RBA) balance sheet but are concerned about the implications […]
Some readers of the Glass Pyramid have requested a Quick Guide to the key points of the MyRBA proposal that they can send to friends and family to get them up to […]
One question that has been asked about the MyRBA proposal is whether introducing MyRBA risks creating an oppressive “state” money monopoly that a big socialist government run by elites might use to […]
The recent post “COVID-19: Who are the real “Money Printers” discussed how the really serious “money printing” over the last 20 years has been conducted by the private banks as they created […]
With the COVID-19 pandemic punching a giant hole in the normal patterns of economic activity in Australia, the media has been full of debate about the best ways to respond. Not surprisingly […]
In order that the introduction of MyRBA accounts by the RBA, for the general public and non-banks, preserves as much choice as possible another new account will be introduced by the RBA […]
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