Yes, the Tech Giants Are a Big Problem—But the Untamed Finance Industry Could Still Blow Up the Economy
Why finance, broadly defined, is still a hazard to the US economy.
Read more...Category Archives: Payment system
The Biggest Problem in the War on Cash
Banks and retailers are running into strong political opposition to restricting the use of cash.
Read more...FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere
FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.
Read more...MMT Responds to Brad DeLong’s Challenge
Randy Wray wades in yet again to contend with disinformation about MMT.
Read more...Money, Digital Cash and Cryptocurrencies: Privacy Matters
Using laboratory experiments, the column shows that privacy matters, and increases the overall appeal of money.
Read more...Can the US Treasury Run Out of Money When the US Government Can’t?
Debunking some arguments against MMT by explaining why the US Treasury can’t run out of money.
Read more...The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies
Why inherent problems with cryptocurrency liquidity are already leading to consideration of other methods for validating blockchain updates. They are likely to prove unsatisfactory and therefore call for verification by a trusted institution….defeating the rationale for cryptocurrencies.
Read more...The Incoherence of Larry Summers, a Serious Economist
Larry Summers as a negative indicator.
Read more...Randy Wray: Response to Doug Henwood’s Trolling on MMT in Jacobin
Doug Henwood’s intellectually dishonest attack on MMT sadly shows how many soi-disant progressives are in fact hostage to neoliberal ideas.
Read more...Bill Black: Modern Monetary Theory Is On the March (#MMT)
A recent Wall Street Journal article that tried debunking MMT effectively supported it.
Read more...On Modern Monetary Theory (#MMT)
Mainstream economists are finally deigning to notice MMT.
Read more...On the Built-In Instability of Cryptocurrencies
Why volatility of cryptocurrencies is a feature, not a bug.
Read more...Cryptocurrency Firms Regularly Lose Codes and Money
Cryptocurrency is more vulnerable to theft and loss than most of its fans want to believe.
Read more...Michael Hudson: Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s neocon extremists are burning the US dollar house down.
Read more...MMT’s Opening
Another go at clearing up press and pundit misrepresentations of MMT.
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