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Facebook's Libra and the new currency wars

A common saying about the various stages of social acceptance is: "First they ignore you, then they laugh at you, then they fight you, and then you win." A decade after Bitcoin was born, cryptocurrencies are about to enter the "fight" phase in their quest to become a mainstream means of payment. That is all due to Libra, a new global digital currency that a Facebook-led coalition plans to launch as early as next year. Read more

Dr Patrick Carvalho
New Zealand Herald
16 October, 2019
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Anniversaries

This week, the Chinese government celebrated the 70th anniversary of the Chinese Communist Party’s 1949 takeover of the country. Singapore’s Prime Minister Lee Hsien Loong’s letter to Premier Li Keqiang noted the opportunity to reflect on China’s transformation over the past 70 years, and on how China “lifted hundreds of millions of people out of poverty, raised their living standards, and created new opportunities for them to fulfil their aspirations.” The only problem is that everyone might be celebrating the wrong anniversary. Read more

Dr Eric Crampton
Insights Newsletter
4 October, 2019
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How to lose an election

Although at very early stages, the Democratic Party’s process to choose its presidential nominee has thrown up three leading figures, two completely opposite policy platforms, and one likely outcome. Senators Elizabeth Warren and Bernie Sanders represent the progressive winds of change in the Democratic Party, proposing policies that, if implemented, would radically change long-standing institutions in America. Read more

Dr Patrick Carvalho
Newsroom
2 October, 2019
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Debt-financed infrastructure spending won’t solve Germany’s problems

As Germany heads towards an economic slowdown, and in fact may already be in recession, calls for deficit spending and fiscal stimulus are getting louder – calls for the federal government to use the opportunity of negative interest rates to borrow and invest in infrastructure. Siemens’ CEO Joe Kaeser says so. Read more

Dr Oliver Hartwich
Newsroom
17 September, 2019

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