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Interesting articles

Time for a New Theory of Money

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Time for a New Theory of Money We have emerged from the financial crisis with new clarity: Money today is simply credit. When the credit is advanced by a bank, when the bank is owned by the community, and when the profits return to the community, the result can be a functional, efficient, and sustainable system of finance. The money…

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MoneyLab Reader: An Intervention in Digital Economy

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Meanwhile, the networked subjects are left to their devices, having to generate reve- nue themselves and create something out of nothing, from zero to one. Neoliberal subjects find themselves in permanent start-up mode. In times of advanced stagnation we can neither count on subsidies, nor investments provided by the traditional world of finance. Welcome to digital realism. The 99% have…

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Engineering Money: A footnote

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Image credit: Wyndham Lewis, ink drawings on the theme of Shakespeare’s Timon of Athens” Some people suggest that the latest generation gap is neurological rather then ideological. The same people are more fascinated with Mr. Pawlows ability to create a controlled environment than him explaining conditioned reflexes. It could not have occurred to Adam Smith what is a pressing question for…

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Flashboys | The Rigging of the Stock Market

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  Image Credit: Justin Bishop …among the early financial backers of Katsuyama’s IEX were three of the world’s most famous hedge-fund managers—Bill Ackman, David Einhorn, and Daniel Loeb—who understood that their stock-market orders were being detected and front-run by high-frequency traders. But rich hedge-fund managers aren’t the only investors who submit large orders to the stock market that can be…

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bisexual versus pansexual economics

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THE GUARDIAN – A maverick currency scheme from the 1930s could save the Greek economy: bisexual versus pansexual economics Compare the terms demanded of the Greek government to those offered to the banks. Eurozone ministers now insist upon unconditional surrender: a national abasement that makes a mockery of democracy. But when the banks were bailed out, governments magicked up the necessary money…

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In the Hands of God – Study on Risks and Savings in Afghanistan

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Image credit: Jan Chipchase, 21. Feb. 2013 In the Hands of God – Study on Risks and Savings in Afghanistan Most striking to me is the difference in understandings of liquidity between a modal “Western” perspective and that offered to our researchers by their informants. We think that liquidity means being able to convert between various forms of elec- tronic…

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Inflating the inflators

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Picture from BBC article “HOW TO TRICK YOUR EYES“ inflating the deflators: I have defined a master plan which proposes to apply to banks the same law that regulates their money generating activity, as well as I highlight this mechanism, which is consciously concealed from the public. In order to do this, I have created various means to inform and…

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THE COUNTERFEITERS

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Cover : Zéro Euro ©Michael Aschauer, Piotr Pawinski (Fotolia.com) THE COUNTERFEITERS Our relationship with money is complex, to say the least… On this side of the Atlantic, we preserve an almost aristocratic modesty when it comes to talking about our income, whether we are employee or heir. On the other hand, obeying the laws of attraction / repulsion, money is…

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