Not quite. More like 101=404. Classical effort = Error not found. Missing as ever : The Money. “Economic action cannot, at least in capitalist society, be explained without taking account of money, and practically all economic propositions are relative to the modus operandi of a given monetary system,” Joseph Schumpeter 1939 The Economist special report 2021 The … Continue reading CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?
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