Category Archives: Payment system

Tax Justice and Modern Monetary Theory – A Guide

Does Modern Monetary Theory take tax justice for granted?

Another Great Depression or Tax Justice and Transparency? The Tax Justice Network January 2020 Podcast

TaxCast ranges well beyond tax today, with topics including IMF warnings, the Brexit rogue UK vision, and looting in Angola.

War on Cash: New York City Businesses Must Accept Cash, City Council Decides

New York City Council passes legislation requiring businesses to accept cash to take effect nine months after signing by mayor Bill DiBlasio.

Digital Money: Implications for Emerging Market and Developing Economies

A clinical look at digital money ideas for developing economies finds the benefits are narrower than boosters would have you believe.

BBVA Compass Fails to Dispute, Much the Less Remedy, Retaliatory Swatting, Disclosure of Confidential Information, and Reckless Treatment of Elderly Customer

BBVA has not denied that an officer swatted an elderly woman on fabricated grounds as retaliation for documenting his reckless advice.

Repo Madness: Fed Plumbing Gone Awry

How the Fed’s fingerprints are all over the repo mess.

Facebook’s Libra Faceplant: Beware of CEO Bright Ideas

Libra is going nowhere fast.

The People’s Money (Part 1)

An explanation of the Federal Reserve money system.

Libra Unraveling: Network of “Partners” Like Visa and Mastercard Refusing Even to Give Lip Service

Quelle surprise! Facebook’s touted Libra partners are getting cold feet.

Mark Carney’s Trojan Unicorn — Are Central Banks Considering Stealth Nationalization in Sovereign Digital Currencies?

Mark Carney talks about digital soverign currencies. But is he really describing nationalization? And if so, whither the commercial banks?

The End of Super Imperialism?

Bank of England Governor Mark Carney’s proposal to invent to replace the US dollar as the key reserve currency with a “synthetic hegemonic currency.”

Libra: The Known Unknowns and Unknown Unknowns

The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.

Libra – Freedom for Whom, from What?

What is Libra supposed to bring to us that we don’t have already? Freedom from legacy currencies will have a high price to pay.

Banks Again Hoist on Their Cost-Cutting Petard: Burgeoning Credit Card Fraud

Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.

Are Cryptocurrencies the First Crack in the Wall to Regulate Facebook?

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.