The Bitcoin “market” is spiking, with one Bitcoin now “priced” above $17,000 (by the time this is published it will likely be far different). This latest speculative frenzy has been boosted by the new Bitcoin “futures market.” The quotation marks above allude to the ongoing debate about whether Bitcoin’s current and future value to society …
Monetary Reform Should Be Sustainable, And Bitcoin Isn’t Read More »
Instead of the usual fifteen minutes of fame, the trillion-dollar coin got the whole week of Jan. 5-12, 2013. Within days of its arrival, the trillion-dollar coin was disparaged and mocked as a silly solution to circumvent the debt ceiling, and done away with by officials at the Treasury Department, who announced that no trillion-dollar …
Last week the “trillion dollar platinum coin” entered the public lexicon as part of Washington’s debt ceiling debate. It sounds jaunty and paradoxical, but it is a surprisingly serious proposal. The coin presents a rare opportunity to have a public discussion about the nature of money, something very few people understand. If advocates play their cards (and coins) right, …
Beyond Debt Ceiling, Trillion Dollar Coin Offers New Economic Paradigm Read More »
The election is over and the media immediately turned to the coming “fiscal cliff.” Components of the metaphorical cliff include across the board cuts to government spending occurring at the same time the Bush tax cuts expire, and the federal government’s likely need to raise the national debt ceiling in order to finance its operations. …
Monetary Reform Could Expand the ‘Fiscal Cliff’ Debate Read More »
The solution to this joint economic-climate crisis must provide an escalating price signal on oil, and distribute the proceeds equally to the people, not the fossil fuel corporations. Two well-known quotes from Dick Cheney are apropos to the current crisis in Congress over the debt ceiling: “Deficits don’t matter” and “Go F- yourself.” 1) “Deficits …
Tackling the Debt Ceiling With Carbon-Backed Money Read More »
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The Bitcoin “market” is spiking, with one Bitcoin now “priced” above $17,000 (by the time this is published it will
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