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The arrogance and lack of skill of business giants is an old story. But the risk has grown because digital technology is so easy to scale up.
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A lot of attention has been paid to Ben Bernanke's Nobel, but the theories of banking by Douglas Diamond and Philip Dybvig, who also won a Nobel, also need to be looked at again.
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Home prices can't keep going up like they have in the past few years without the central bank continuing to give out easy money, and this is clear.
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Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023.
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What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
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In reality, CBDCs are just a way for the government to protect its privileged position and keep a tighter grip on people's money.
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A British food bank that had planned to close on Monday for Queen Elizabeth II's funeral has changed its mind and will stay open.
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Brian Moynihan, the CEO of Bank of America, criticized the Biden administration for being so focused on whether or not the economy is in a recession.
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Skynet, the firm that created Siacoin, will continue to operate despite the CEO's claim that the company's failure to focus on a single product made it impossible to develop many products.
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In a note to clients on Tuesday, a well-known economist warned that demand from cash-strapped buyers is causing US home prices to be on the verge of a big drop.
The arrogance and lack of skill of business giants is an old story. But the risk has grown because digital technology is so easy to scale up.
