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Clint Ballinger

Tag: e-cash

CBDC: The Power and the Profit

The payments system is merely a technical and bookkeeping question, mundane in the end. The idea of operating it with only reserves puts in stark relief a far more important question: What is the point of banks at all?

Clint Ballinger 1000 Castaways: Fundamentals of Economics, Economics, Macroeconomics, MMT, Modern Monetary Theory 3 Comments August 22, 2021August 21, 2022

Recent Posts

  • When are payments to holders of the tax-credit by the state ever a useful policy? October 24, 2022
  • How About a Nice Game of Chess? October 22, 2022
  • The Two Families of Global Reserve Proposals & Swap Lines October 11, 2022
  • Types & Motivations for Supranational Currencies October 9, 2022
  • Questions Related to International Trade & Currencies October 9, 2022
  • Would Total Adoption of Crypto Make Banking & Government Finance Better? Accounting Says No December 3, 2021
  • So Long As You Are Happy October 5, 2021
  • The Most Fatal Ailment September 8, 2021
  • The Souls of the People September 1, 2021
  • CBDC: The Power and the Profit August 22, 2021
  • Again: Good “Mainstream” Econ Podcasts still get basics wrong, frustrating March 17, 2021
  • Whither MMT? March 2, 2021
  • Good “Mainstream” Econ Podcasts still get basics wrong, frustrating March 1, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part III March 1, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part II February 26, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part I of III on the Government Spending→Inflation Myth February 2, 2021
  • Inflation & Unemployment: Fiscal actions (i.e., “daily governance”) & Banking Regulation Work. Monetary “Policy” Does Not January 22, 2021
  • The “MMT & Developing Countries” Criticism January 16, 2021
  • A (very) oblique history of MMT, Part III: (Blogs, Mitchell etc.) January 14, 2021
  • The Myth of Hyperinflation January 12, 2021
  • A (very) oblique history of MMT, Part II: (Co-Authors, Mosler etc) January 11, 2021
  • How the euro illustrates an important point on the origins of “money” July 14, 2020
  • Commodity exchange units-of-account almost certainly predate 3500 BC temple state-money. Neoclassical Econ is still nonsense. July 13, 2020
  • A (Very) Oblique History of MMT (Wray, Institutional Econ, & other ramblings): Part I May 27, 2020
  • Do Economists Dream of Electric Gödel Machines? May 23, 2020
  • Airplane crashes aren’t “hyperlandings”: Notes on Zimbabwe April 30, 2020
  • Economic articles, links to hard to find PDFs etc. April 20, 2020
  • 1000 Castaways, MMT & Ecological Economics: A Review by Prof. Phil Lawn February 28, 2020
  • The “barter story” is about the ABSENCE of barter. Clarifying an earlier post. January 18, 2020
  • AUSTERITY IN A TIME OF PLENTY: The “domestic default” boogeyman = More bad statistics from Reinhart & Rogoff November 28, 2019
  • THE RHETORIC OF GRAEBER’S “MYTH OF BARTER” (& the likely early role of commodity-exchange in credit- & State-money development) October 29, 2019
  • The Guernsey £: A Pirate’s Tale October 1, 2019
  • The Autocorrelation of Hyperinflation (about 7 events, not 58) May 24, 2019
  • Book free on Amazon for 48 hours! (Kindle) March 31, 2019
  • Crusoe gets excellent advice from Friday :) February 8, 2019
  • 1000 Castaways, Additional Material (Chapter 5) February 6, 2019
  • 1000 Castaways, Chapter 5: The Real World, System Two February 5, 2019
  • 1000 Castaways, Chapter 4: The Real World, System One February 5, 2019
  • 1000 Castaways, Chapter 3: Balancing the Two Systems January 24, 2019
  • 1000 Castaways, Chapter 2: System Two January 20, 2019
  • 1000 Castaways, Chapter 1: System One January 18, 2019
  • Wall Street Journal article and the “Database of Sovereign Defaults” January 16, 2019
  • 1000 Castaways: Introduction January 14, 2019
  • 1000 CASTAWAYS: Fundamentals of Economics January 14, 2019
  • MMT & the Fourth Spark Plug: Descriptive vs. Prescriptive revisited November 14, 2018
  • Decouple Spending From Bond Sales November 13, 2018
  • The Myth of the Currency Hierarchy November 8, 2018
  • Kelton Shouldn’t Have Ceded This Point To Noah September 26, 2018
  • This blog is a holding place for when I am out of China, my site may migrate here December 20, 2012

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