Monetary Mental Illness
Puzzling over why more people don’t embrace Modern Monetary Theory.
Read more...Category Archives: Payment system
Is Bitcoin A Speculative Bubble?
Do Bitcoin and other cryptocurrencies have fundamental value?
Read more...The Cash Comeback: Evidence and Possible Explanations
Contrary to technologist hype, demand for cash across advanced economies has been rising.
Read more...Remember, Remember the Eighth of November: India’s War on Cash Assessed One Year Later
One year after India launched its demonetization debacle, the economy remains cash based, and Modi has yet to pay politically.
Read more...India’s Demonetization Experiment Fails to Demonetize: Cash Comes Full Circle
Cash withdrawals from Indian ATM machines are nearly back to the level of just before Modi’s demonetization shock.
Read more...The Great Italian Money Experiment
Italy has taken a step towards issuing a new currency in the form of tax credits. Will it make it more money-like by making it more tradable?
Read more...Cryptos Fear Credit
Cryptocurrency fans have a perverse and badly misinformed loathing of the role of credit in payments and money systems.
Read more...Don Quijones: ECB Tightens Noose Around Bank Accounts
ECB moves to lock up the money of unsuspecting depositors to prop up collapsing banks.
Read more...Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives
EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.
Read more...Visa Trying to Bribe Merchants to Stop Taking Cash
The latest chapter in the War on Cash.
Read more...Wolf Richter: Cryptocurrencies Collapsed
Why “collapsed” is not too strong a word to describe the recent price action for currency wannabes.
Read more...Some Remarks on MMT & Marxism in Light of David Harvey’s “Marx, Capital, and the Madness of Economic Reason”
How Marxists can make use of the MMT framework rather than falling for neoliberal dogma about money and debt.
Read more...Yet Another Form of Crapification: Stranded Money
Some examples of stranded funds as yet another way of degrading the customer experience.
Read more...The Bank Competition Myth
Why banks should not be considered to be private enterprises.
Read more...In Bleak Prognosis, Italy’s Financial Regulator Threatens EU with Return to a “National Currency”
European officials continue to dither while Italy’s banks burn.
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