Michael Hudson: Origins of Money and Interest: Palatial Credit, Not Barter
A deep dive into the origins of credit and money, along with the political implications of different theories.
Read more...Category Archives: Payment system
Wolf Richter: Collapse of Cryptocurrencies in Q1 – Even the Biggest Crashed 67% to 88%
Cyrptocurrencies’ wild ride is looking more and more like a skydive with no parachute.
Read more...Bank Enthusiasm for Blockchain Waning
Blockchain hype is finally meeting commercial realities.
Read more...Over One Fifth of Student Borrowers Used Loans to Gamble on Cryptocurrencies
A new category of cryptocurrency sucker, and even worse, leveraged traders to boot.
Read more...Wall Street Journal Hyping Amazon Banking: “Ridiculous, Ridiculous, Ridiculous”
The Wall Street Journal gets itself duped into publishing some particularly flaky, um, nebulous, um, aspirational Amazon banking ideas.
Read more...Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Cryptocurrencies Don’t Make Sense
How cryptocurrencies do a poor job of delivering on their supposed purposes.
Read more...PayPal Demonstrates What Happens to Former Tech Unicorns Which Get Lame
PayPal is no longer getting away with the sort of things it could as a payment processor newbie.
Read more...Mastercard Pushes Biometrics, Banks Follow
Mastercard and other financial services providers are aggressively promoting biometrics. Where are the vaunted EU privacy regulators?
Read more...Does Bitcoin Have a Future?
Lambert here: Prosecution futures, as Yves has always said. By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at Alternet. Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent […]
Read more...Meltdown and Spectre: Intel’s Seismic IT Disaster and A Look at Some Implication for Banks
A first look at the epic IT disaster of the Meltdown and Spectre “flaws”.
Read more...The Year in Money
A review of money issues…and mainly not bitcoin.
Read more...Crowdfunding Christmas: Time to Boycott It’s a Wonderful Life
How It’s a Wonderful Life sentamentalizes and reinforces the misguided policy idea that money is scarce and a private good.
Read more...The Bitcoin Bubble
As bitcoin has become a mania, it is also becoming a risk to the real economy.
Read more...Don Quijones: A New Stealth Attack in EU’s “War on Cash”
The definition of cash widens.
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