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Monthly Archives: July 2019
Is Trump killing his own re-election?
The Fed (Federal Open Market Committee) is meeting this week to review and set or reset monetary policy. I don’t know whether it should increase its policy rate, leave it the same or reduce it. https://www.adamsmith.org/blog/returning-to-currencies-with-hard-anchors The market expects a … Continue reading
Posted in Debt, trade
Tagged China, Fed, fiscal deficit, FOMC, monetary policy, TPP, trade, trade deficit, Trump
2 Comments
Whither Libra?
Every other day, it seems, we witness the launch of a new crypto (digital) currency. Each combines a medium of exchange (a currency) and a means of payment (a technical process of delivering the currency—of making a payment with it). … Continue reading
Posted in Money
Tagged AML/CFT, bitcoin, Calibra, cryptocurrency, Currency, digital currency, digital tokens, Facebook, IMF, Libra, Money, PayPal, Popmoney, SDR, Zelle
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