Collateral Damage: QE3 and the Shadow Banking System

by Ellen Brown, Web of Debt Rather than expanding the money supply, quantitative easing (QE) has actually caused it to shrink by sucking up the collateral needed by the shadow banking system to create credit. The “failure” of QE has prompted the Bank for International Settlements to urge the Fed to shirk its mandate to …

The Great Debate©: Public Banking

Debate between Ellen Brown and Michael Rozeff Editor’s note: This debate started with an article by Ellen Brown (first article below) which elicited a response from Michael Rozeff (second article below) and then a rebuttal from Brown.  Prof. Rozeff has made available further points after this debate was published, available in Some Further Thoughts on …