Cash is cumbersome, dirty and increasingly too tangible for our digital desires. And while we’ve already given it up to a fair extent for the … The Biggest Problem in the War on CashRead more
Finance
Posted inEconomics / Finance / ToMl
Modern Monetary Theory and Positive Money, Part 3: Shadow Banking
Shadow banking, while exceedingly complex and notoriously difficult to grasp, has become central to the global financial system, as demonstrated by its role in the … Modern Monetary Theory and Positive Money, Part 3: Shadow BankingRead more
Posted inEconomics / Finance / Greece / Multimedia
In Greece, finance is the new form of warfare
Michael Hudson
Posted inEconomics / Finance / ToMl
National mutual credit system
What’s mutual credit? Mutual credit is a trading scheme that doesn’t use or need state-issue currency. Everyone in the scheme offers their products and services … National mutual credit systemRead more
Posted inFinance / ToMl
The data of money
The international bank transfer system, SWIFT, is a form of contemporary digital colonialism and surveillance capitalism as it is run by US firms and provides … The data of moneyRead more
Posted inFinance / PM / ToMl
New Bank of England research adds to the case against loanable funds
Understanding banks hasn’t always caused such difficulty for economists. In the first half of the twentieth century, theorists like Joseph Schumpeter outlined the role of … New Bank of England research adds to the case against loanable fundsRead more
Posted inFinance / PM / ToMl
Modern Monetary Theory and Positive Money, Part I: Intellectual roots and focus
To anyone interested in macroeconomics and the role of government, the name ‘Modern Monetary Theory’ (MMT) should by now be familiar. This school of thought, … Modern Monetary Theory and Positive Money, Part I: Intellectual roots and focusRead more
Posted inFinance / Multimedia / Poverty
City of London finance is making people poorer
— source taxjustice.net | Oct 5, 2018
Posted inFinance / News
Hedge Fund Giant SAC Accused of Securities, Wire Fraud
Federal prosecutors have unveiled charges against the hedge fund giant SAC Capital Advisors for alleged securities and wire fraud. The indictment accuses SAC of enabling … Hedge Fund Giant SAC Accused of Securities, Wire FraudRead more