China Rumored to be Shutting Down Bitcoin Sites; Why IRS Ruling that Bitcoin is Property is Fatal to Its Use in Commerce in the US
Bitcoin is getting hammered today.
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Philip Pilkington: Bank of England Endorses Post-Keynesian Endogenous Money Theory
Yves here. Not only is the Bank of England siding with Post-Keynesian ideas about money, but it has even taken to creating layperson-friendly videos about the nature of money.
Read more...Mirabile Dictu! Post Office Bank Concept Gets Big Boost
Naked Capitalism readers have frequently called for the Post Office to offer basic banking services, as post offices long have in many countries, notably Japan. That idea has gotten an important official endorsement in the form of a detailed, extensively researched concept paper prepared by the Postal Service’s Inspector General.
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