Cash in the Time of Covid: Down But Not Out
Physical cash should still have an important — albeit diminished — role to play in the economy of the future.
Read more...Physical cash should still have an important — albeit diminished — role to play in the economy of the future.
Read more...Steve Keen and Micheal Hudson provide a deep dive on a debt jubilee, and how it could be implemented in a Covid-afflicted economy.
Read more...Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.
Read more...Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...WSJ says banks can no longer determine who is credit-worthy using existing models – more COVID-19 fallout, this of uncertain magnitude.
Read more...Yves here. This short piece looks at some of the intuitions about the relationship between rising household debt levels and increasing inequality. And they sure do look to be connected! By Alina Bartscher, University of Bonn, Moritz Kuhn, Professor, Department of Economics, University of Bonn and Moritz Schularick, Professor of Economics, University of Bonn. Originally […]
Read more...Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.
Read more...The coronavirus spread is setting up a nasty real economy-financial system contraction.
Read more...The concern is not for banks or investors in subprime-credit-card backed securities. But what does this bifurcation tell us about consumers?
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...Subprime loan repayment continues to deteriorate. What is going on?
Read more...Pondering the challenges of being old now.
Read more...Young people with pretty high incomes are sinking under debt.
Read more...Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.
Read more...Facebook wants to become a big payments system player. Good luck with that.
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