War on Cash: UK Cash Deserts
Latest news in the War on Cash: the problem of cash deserts in the UK – areas abandoned by banks, for economic reasons, and that lack ATMs. These tend to be rural areas, or areas of economic deprivation.
Read more...Category Archives: Payment system
How to Pay for the War
Updating a classic Keynes discussion of war financing for MMT and the Green New Deal.
Read more...Facebook’s Finance Fantasy Island Dreams
Facebook wants to become a big payments system player. Good luck with that.
Read more...ZEN and the Art of Modern Money, Part 3 (MMT)
More MMT for people in a hurry.
Read more...ZEN and the Art of Modern Money, Part 2 (MMT)
MMT for people in a hurry.
Read more...Why You Should Back the Sanders/AOC Plan to Cap Credit Card Interest Rates at 15%, Re-Launch the Postal Savings Bank
A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Read more...ZEN and the Art of Modern Money (MMT)
Working through a primer on MMT.
Read more...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...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.
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