Blog

Supermarkets are promoting unscientific anti-cash propaganda – And the banking sector is loving it

(Cover Image: Scott Garrett) While science suggests that PIN pads are more dangerous than cash, the retail sector continues to spread fear about it. Is this just a naive mistake, or are there darker motives? In early March 2020, the World Health Organisation emailed a journalist to say ‘We did … Continue ReadingSupermarkets are promoting unscientific anti-cash propaganda – And the banking sector is loving it

Lessons From Libra: The Future Of Digital Currency

The project of launching a new cryptocurrency, Libra, was announced by Facebook on June 18th last year and explained with an official document, a White Paper available online.  However, in the subsequent months the project met strong opposition from regulators and state authorities, culminating with a very hostile hearing on … Continue ReadingLessons From Libra: The Future Of Digital Currency

The Money Question in Islamic Finance

In response to the global financial crisis, a global network of experts and institutions is working to create an alternative financial system that conforms to Islamic restrictions on the unfettered mobilization of capital. The central tenet of Islamic finance is the prohibition of interest (riba), an injunction that is articulated … Continue ReadingThe Money Question in Islamic Finance

Modern Monetary Theory And Monetary Reform Considered

In this article, we attempt to explain why Monetary Reform (MR) concerns are valid but do not necessarily impact upon the Modern Monetary Theory (MMT) programme. We lay out our argument as follows; we provide some key insights into MMT referencing the work of Alfred Mitchell-Innes, Georg Friedrich Knapp, Abraham … Continue ReadingModern Monetary Theory And Monetary Reform Considered

Special-Purpose Money for a Limited Globalization

         According to Rodrik’s (2012) ‘trilemma’, we can have only two of the following at any one time: hyperglobalization, the nation state, and democratic politics (Rodrik, 2012). Given the destructive forces of hyperglobalization – environmental degradation, homogenization of culture, and financial instability (e.g Hornborg, 2017a) – and the undesirability of … Continue ReadingSpecial-Purpose Money for a Limited Globalization

Funding the Green New Deal: the evocation of Keynes

The Green New Deal started making headlines in early 2019 when newly elected congresswoman Alexandria Ocasio-Cortez submitted to the United States House of Representatives a non-binding resolution laying out the main elements of a 10-year economic mobilization plan that would phase out fossil fuel use and overhaul the nation’s infrastructure … Continue ReadingFunding the Green New Deal: the evocation of Keynes