Bill Black discusses Feacebook’s new proposed crypto-currency, called “Libra.” Facebook could use this technology to standardize identity and create a world of ultimate surveillance, and then profit from it.
Read more...Michael Hudson explains how the IMF and World Bank support US hegemony.
Read more...Like Icarus, the social media monopoly is flying too close to the sun and generating much regulatory heat, which could eventually lead to its downfall.
Read more...Trust issues with Facebook’s Libra for users, regulators, and technically. And is Facebook seeking to become a sovereign?
Read more...Italy is again threatening the Euro via a plan to introduce a parallel currency, the mini-BOT. Will this idea finally push the Eurozone to make overdue reforms?
Read more...Should we trust the recession warning the yield curve is sending?
Read more...How China is likely to view defying US sanctions on Iran.
Read more...Possible American and EU responses to multipolar politics.
Read more...This column evaluates the effectiveness of the use of IMF support and foreign reserves in globally driven crises
Read more...China’s once-hefty current account surpluses are falling away. What are the implications?
Read more...Pavlina Tcherneva does the heavy lifting of debunking an off-the-mark attack on MMT by Noah Smith.
Read more...Using laboratory experiments, the column shows that privacy matters, and increases the overall appeal of money.
Read more...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...Why volatility of cryptocurrencies is a feature, not a bug.
Read more...Cryptocurrency is more vulnerable to theft and loss than most of its fans want to believe.
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