An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.
Read more...A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.
Read more...Does Modern Monetary Theory take tax justice for granted?
Read more...TaxCast ranges well beyond tax today, with topics including IMF warnings, the Brexit rogue UK vision, and looting in Angola.
Read more...New York City Council passes legislation requiring businesses to accept cash to take effect nine months after signing by mayor Bill DiBlasio.
Read more...A clinical look at digital money ideas for developing economies finds the benefits are narrower than boosters would have you believe.
Read more...BBVA has not denied that an officer swatted an elderly woman on fabricated grounds as retaliation for documenting his reckless advice.
Read more...How the Fed’s fingerprints are all over the repo mess.
Read more...Libra is going nowhere fast.
Read more...An explanation of the Federal Reserve money system.
Read more...Quelle surprise! Facebook’s touted Libra partners are getting cold feet.
Read more...Mark Carney talks about digital soverign currencies. But is he really describing nationalization? And if so, whither the commercial banks?
Read more...Bank of England Governor Mark Carney’s proposal to invent to replace the US dollar as the key reserve currency with a “synthetic hegemonic currency.”
Read more...The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.
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