Summary:
ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click here]
Topics:
Yanis Varoufakis considers the following as important: banking crisis, DiEM, Digital Economies/Money, Politics and Economics, Project Syndicate
This could be interesting, too:
ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click here]
Topics:
Yanis Varoufakis considers the following as important: banking crisis, DiEM, Digital Economies/Money, Politics and Economics, Project Syndicate
This could be interesting, too:
Robert Skidelsky writes The UK Labour Party’s Green-Energy Debacle
Robert Skidelsky writes Britain’s Post Office Scandal and the Rule of Law
Robert Skidelsky writes How to Prevent an AI Apocalypse
Robert Skidelsky writes Peacekeeping, Past and Present
ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click here]