by 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:
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Robert Skidelsky writes The Language of Political Control
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]