What Happens If Bitcoin Succeeds?
Most of us would not want to live in a society where bitcoin succeeds.
Read more...Category Archives: Payment system
This Is What Can Happen When a Cross-Border Bank Merger Goes Horribly Wrong
As Banco Sabadell’s disastrous acquisition of UK TSB has shown, a bank merger can founder due to botched IT integration.
Read more...Regulating Fintech in Europe: Lessons from the Collapse of Wirecard
Since Fintech companies can be very complex, their oversight requires understanding their business model and combining regulation and supervision based on both entities and activities.
Read more...China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...The IRS Moves to Crack Down on Cryptocurrency Tax Evaders
The IRS is officially in “No more Mr. Nice Guy” mode with respect to cryptocurrency enforcement.
Read more...How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Read more...Yanis Varoufakis: Why Bitcoin Is Not a Socialist’s Ally – Reply to Ben Arc
Debunking some major misperceptions about potential roles for Bitcoin and blockchain.
Read more...Ilargi: What? Default? Where? Dollar?
Why the dollar is not losing its privileged status any time soon.
Read more...Random Testing in Indiana Shows COVID-19 is 6 Times Deadlier Than Flu, and 2.8% of the State Has Been Infected
Sobering data from the first random statewide Covid-19 survey.
Read more...NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?
Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.
Read more...Will the E-Money Boom Make the UK a Hub of Money Laundering?
Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.
Read more...The Federal Government Always Money-Finances Its Spending: A Restatement
An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.
Read more...Pentagon Porks Up as Covid-19 Bleeds Economy
Quelle surprise! Pentagon grifting continues apace, even in the face of a full-bore domestic crisis.
Read more...Some Basic Lessons for the Governor of the Bank of England, Who Seems to be in Dire Need of Them
The Governor of the Bank of England had a major “put foot in mouth and chew” episode.
Read more...The False Dawn of Ending Coronavirus Lockdowns
It would be nice if relaxing the lockdowns would solve a problem, any problem….
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