The FT Says It’s Time for the Bank of England to Start Direct Funding of the Government: Modern Monetary Theory Has Won the Day
Modern Monetary Theory has a new convert. Too bad Americans are behind the curve.
Read more...Category Archives: Payment system
India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months
A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.
Read more...Tax Justice and Modern Monetary Theory – A Guide
Does Modern Monetary Theory take tax justice for granted?
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...Repo Madness: Fed Plumbing Gone Awry
How the Fed’s fingerprints are all over the repo mess.
Read more...Facebook’s Libra Faceplant: Beware of CEO Bright Ideas
Libra is going nowhere fast.
Read more...The People’s Money (Part 1)
An explanation of the Federal Reserve money system.
Read more...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.
Read more...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?
Read more...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.”
Read more...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.
Read more...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.
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