Why China’s Current Account Balance Approaches Zero
China’s once-hefty current account surpluses are falling away. What are the implications?
Read more...Category Archives: Currencies
MMT, Models, Multidisciplinarity
Pavlina Tcherneva does the heavy lifting of debunking an off-the-mark attack on MMT by Noah Smith.
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...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...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...China Won’t Be Taking Over
Why China is fragile and starting to look wobbly.
Read more...You May Not Actually Own Your Bitcoin: Legal Expert
Yet another reason to be leery of Bitcoin and other cryptocurrencies.
Read more...Brexit: More Thrashing About
Expect Brexit craziness to get even worse.
Read more...How Trump’s Game of Chicken With Iran Could Weaken the Dollar’s Role as the World’s Currency
Politicizing the SWIFT payments system is leading other nations to the search for alternatives to the dollar.
Read more...Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...J.D. Alt: Treasury Bonds Are Future Dollars
Clearing up fundamental misconceptions about US Treasury bond issuance.
Read more...Cryptocurrencies: Financial (In)stability and (Un)fairness
If private cryptocurrencies were to find widespread economic use, either coexisting with or fully displacing fiat money, the result would be increased financial instability, inequality, and social instability.
Read more...Yanis Varoufakis: How the Italian Budget Fight Helps Brussels and Salvini, Hurts Europeans and the Eurozone
Contrary to popular perception, Brussels and the Italian government come out ahead from sparring over Italy’s budget, and what works for them does not work for much of anyone else.
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