Should cash be eliminated?
byAt the World Economic Forum in Davos Switzerland, Joseph Stiglitz the Nobel Prize-winning economist argued in favor of phasing out currency and moving towards…
Money
Central Banks and Local Governments can help facilitate (greater) Monetary Freedom
byWhen considering moving towards a Free(r) Banking system in terms of enabling the genuine usage of multiple monies, the calls for such a system…
When wonks go rogue
by“..The iron convention observed by almost everyone in showbiz: no matter which way you vote in private, you must always pretend in public that…
Does the Divisia monetary gauge help to define what money is?
byMost economists hold that, since the early 1980s, correlations between various definitions of money and national income have broken down. The reason for this…
Monetary Freedom would strengthen Britain’s position in Trade Negotiations
byGiven the ongoing concerns regarding the strength of Britain’s position in trade negotiations, many alternative policy suggestions that may have previously been politically infeasible…
Enabling a Choice of Monies aligns with the ‘Northern Powerhouse’ ideal
byThe ‘Northern Powerhouse’ is one of the prominent (albeit perceived to be failing) public policy strategies that have not been discontinued by Theresa May’s…
Could the elimination of cash prevent an economic crisis?
byGiven the still subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative…
The Fed’s Surrealistic “Melting Clocks” Monetary Policy Is the American Dream Killer
by“Houston, we’ve had a problem here.” With those low-key words, command module pilot Jack Swigert of Apollo 13 revealed that, in the later recollection of…
Benn Steil: What If Japan Becomes Treasury’s First Currency ‘Manipulator’ in 22 Years?
byIn May, Japanese Finance Minister Taro Aso and colleagues warned of their willingness to intervene in currency markets to counteract upward pressure on the…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…