Digital Money News – updates and articles on CBDCs, monetary politics and state digital currencies

Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta

ALT currencies – sovereign CBDC

sovereign central bank digital currencies - crypto, blockchain, CBDC see also pages alternative, complimentary, eco, energy, ideal, next currencies - Terra digital commercial currencies  - blockchain, crypto - bitcoin etc local currencies monetary US/UK monetary EU monetary reform see also posts 4/2021  Digital Corrections – Will Crypto Save Capitalism, and the FED 5/2021  CBDC Govecoins : Does The … Continue reading ALT currencies – sovereign CBDC

green finance + investment, ESG

gaia0geld updates >here - see also  >greenwashing   >sustainability ft.com  8/2021 The ESG investing industry is dangerous - A BlackRock dissident speaks truth - by Robert Armstrong Tariq Fancy is right about the ESG investment industry. Almost everything that Tariq Fancy says about environmental, social and corporate governance, or ESG, investing has been said before, in one form or another. … Continue reading green finance + investment, ESG

Zahlmeister entpuppt sich als Milchmädchen

The UK's Daily Express daily feeds Brexiteers with eye-popping revelations about the imminent implosion of the EU .  One soon learns not to put one's money on those.  But the unearthing of a 2year old CEP report  caught my attention. It's got some eye-popping numbers relevant to Germany's idea of it's position in Europe : … Continue reading Zahlmeister entpuppt sich als Milchmädchen

ALT currencies – eco, energy, ideal, local, next

Inflation? Inflation!

"A spectre is haunting the globe – the spectre of inflation. The powers that be have entered into an unholy alliance to ignore this natural expectation. But inflation will not be ignored. Daily some party is being decried as inflationist only to hurl back the branding reproach of incontinence. Two things result from this fact:  … Continue reading Inflation? Inflation!

Greensill

"The Best Way to Rob a Bank" -  Ben Hunt's  article about  the tiny  Bremer Bundaberg Bank  that paid for Gupta buying Krupp  is a delightfully illuminating summing up of the Greensill episode. Here are some highlights : "I think that the collapse over the past week of Greensill Capital has a lot of systemic … Continue reading Greensill

INFLATION

monetary phenomenology portal page on INFLATION - updates, articles, books, post, pages 2021  inflation? inflation! – is there a theory beyond the hype? https://gaiageld.com/2021/03/11/inflation-inflation/ 2019  head scratching inflation (and the dumbed-down Phillips curve)  https://gaiageld.com/2019/10/21/inflate-scratc/ inflation  articles etc updated  (12/2021) makronom.de 17/12//2021 Wie real ist das Schreckgespenst der „Lohn-Preis-Spirale“? - Die Angst vor einer Lohn-Preis-Spirale treibt momentan … Continue reading INFLATION

monetary fiscal political ECB/EU, Japan

see also monetary fiscal political - Fed US  BoE UK digital money news -  CBDCs  & monetary politics  MMT observatory articles - updated 12/2021 tagesschau.de/wirtschaft/finanzen/bundesbank-jens-weidmann unherd.com/   9/12/2021  The Japanification of the Eurozone - ECB holdings of government debt are now very close to Japanese levels - Governments around the world have borrowed their way through … Continue reading monetary fiscal political ECB/EU, Japan

Corbyn Moment auf Deutsch?

Can you spot the winners? Not Olaf with the mike, it's Norbert and Saskia on the right. SPD left wingers whose victory may nudge the markets to price in a grand coalition fracas. Is this Deutschland's Corbyn moment? Can anti-austerity Saskia Esken and "taxpayers' Robin Hood" Norbert Walter-Borjans  be  Bonnie and Clyde to revive the … Continue reading Corbyn Moment auf Deutsch?

Lagarde Adagio Offuscato

Expect nothing but a repeat variation of  her 2012 Wolfgang Schäuble laudatio  from consummate diplomat Christine Lagarde today.  This is not the time to tell the Germans to get over their Schwarze Null fetish and spend money. Maybe there will be the odd softly spoken hint at clever new injection technology tunneling through southern debt mountains toward … Continue reading Lagarde Adagio Offuscato

QE5: QE farce wants to be Mousetrap

The “hell-has-no-fury like a creditor financially-repressed” farce continues, apparently intent on outdoing the London Mousetrap  with this stubborn repeat of the ancient tragedy of debtors versus creditors ? Or as bloomberg puts it "Anti-Draghi Revolt at ECB Still Won't Die." The FT tells us that the bank’s “…monetary policy committee … advised against resuming its bond purchases. … (and … Continue reading QE5: QE farce wants to be Mousetrap

QE4: Q.E.[Qd] = E.Q.[Qs]

According to my usually in-the-know Berlin banking contact, some IMF mega-brains have come up with a cunning plan to help their departing boss with her new job. It's being tested in Washington right now and Ms Legarde will try and sell it to the Berlin Elite  in November. It comes with a brand new acronym : … Continue reading QE4: Q.E.[Qd] = E.Q.[Qs]

QE3 : The Board Members’ Memo

"If you are looking for intent AND stupidity, look at governments" World Citizen on Mishtalk. I call this this post QE3 because it turns out to be my third one on this topic. "End of (His)story" was the first. Not that I realised. I was just poking fun at all the defunct economics (1) implict … Continue reading QE3 : The Board Members’ Memo

QE2 : What the hell is the ECB doing?

Luhmann had his Zettelkasten. I got my Google feed. They are not the same. Not even remotely. He spent a lifetime curating a finite conceptual collection. I am fed Big Brother's algorithms grazing the web's near infinity on the basis of my previous preferences. But both produce interesting connections. In this case my google searches … Continue reading QE2 : What the hell is the ECB doing?

QE1 : End of (His)story

Monetary policy - end of history?  by  Sabine Lautenschläger (with caw commenting) In 1992, the political scientist Francis Fukuyama announced the end of history. The cold war had just ended, and in Fukuyama’s view, this marked “the endpoint of mankind’s ideological evolution”. Liberal democracy had prevailed; the final form of government had been reached. There was … Continue reading QE1 : End of (His)story

Rethinking Capitalism

ECONOMICS AND POLICY FOR SUSTAINABLE AND INCLUSIVE GROWTH Edited by M. JACOB and M. MAZZUCATO "A fine collection of chapters by leading progressives on what went wrong -- low growth, flagging investment and innovation, too few jobs and too much carbon -- and what might be done. May it close the door on the failed "mainstream" … Continue reading Rethinking Capitalism