A speech on the monetary factors affecting jobs and growth


Yesterday, in the debate on jobs and growth, I said:

We are in the midst of this jobs and growth crisis, so I feel that we should ask ourselves where jobs and growth came from, where they have gone and where they will come from in future.

I went on to explain how jobs and growth were based on monetary expansion and that we need monetary reform as the basis of sustainable prosperity in future.

You can read the speech at House of Commons Hansard Debates for 12 Oct 2011 (pt 0004). See also Monetary Theory and the Trade Cycle, written in 1933 but eerily relevant today.

I had some generous feedback in the Chamber, from both sides, and I get the sense that some MPs at least are ready to transcend partisanship to deal with the true causes of our present difficulties.

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