Monthly Archives: July 2017

This is a new product.  It’s a tour de force, ranging from obscure line items on government finances, to some philosophising about the nature of uncertainty. But it is not beyond criticism.  This post pulls together tweets I sent last … Continue reading →

Writing a serialised monetary policy dystopia seems to be a good way to thin out your readership, but I am going to plough on regardless. In the event of a partial take-over of a cryptocurrency, politics in the state may … Continue reading →

Continuing the dystopian theme – at least dystopian from the perspective of the fiat currency issuer – a partial take-over by a borderless cryptocurrency will pose interesting questions for central bank monetary policy. For starters, it will introduce a motive … Continue reading →

That headline was a bit strong. But a thought.  In a previous post on Alphaville I wrote about how the currency area that a private sector cryptocurrency created would be undesirable.  That was because it would likely straddle national borders, … Continue reading →

A simple point made to me recently at a talk on digital currencies is this.  There will come a point when comprehension that offering digital accounts with the central bank is possible becomes widespread.  Then, the discussion about whether it … Continue reading →