The Bank of England has trousered £3.8bn in profits from ditching bonds it hoovered up to stem financial chaos caused by Liz Truss’s calamitous mini-budget, the central bank told City A.M. The Bank announced today it has ditched all the £19.3bn… Read More ›
Fractional-Reserve Banking
Bank of Japan Collaborates With Three Megabanks For CBDC Pilot Experiment — CRYPTOMARKETSBEAT
In a bid to seek clarity into the feasibility and technicality of a central bank digital currency (CBDC), the Bank of Japan (BOJ) has started experiments with three megabanks as well as regional banks in the country towards the issuance… Read More ›
A Work-Standard Critique of “Debt-Free Fiat Currency”
In Philosophy, the most common conceptions of Currency were entertained by two predominant Theories of Money, the “Commodity Theory of Money” and the “Credit Theory of Money.” Those two Theories of Money helped contribute to the rise of the Fractional-Reserve… Read More ›
The Third Place: General Overview of the SSE
The Total Educational Effort occurs throughout the secondary and tertiary educational levels. Everyone attending a secondary school or a university is a member of the Student Body and therefore under the jurisdiction of the SSE’s Student Government. As soon as… Read More ›
The Third Place: Abolition of Rents and Mortgages
Previously, I covered the concept of Intellectual Property as a pivotal example where there exists an intermediate between Productive and Personal Properties. To justify its existence in Production for Dasein, I adopted the Hegelian conception of Intellectual Property due to… Read More ›
Economic History Case Studies: Cryptocurrencies Do Not Evade Sanctions
Unlike the Work-Standard, which I had intended to be capable of functioning in wartime, Cryptocurrency is an entirely different matter altogether. My arguments from last year stipulated that the fundamental flaw of conventional Cryptocurrencies was that they needed steady sources… Read More ›
Preview of “Potential Feasibility of the Work-Standard as a World Reserve Currency”
The following is the new SMP Compendium “Potential Feasibility of the Work-Standard as a World Reserve Currency” for Second Edition of The Work-Standard. Like the previous Entry, everything here has also been rewritten and revised on behalf of the revisions… Read More ›
Third Place: Beyond the Korean Mousetrap (Pt. I of II)
“Under Fordism-Taylorism, the industrial worker had to work at a pace dictated by the speed of the assembly line. Work was repetitive and often exhausting. [Since the death of Bretton Woods], if you have a job, you have to work… Read More ›
Third Place: Reciprocal-Reserve Banking Proposals
To begin, I just would like to inform everyone that I will be spending the next day or so compiling the rest of the SMP Compendium and having it available for download on The Fourth Estate. My plan as of… Read More ›
On Hamiltonian Federalism and Friedrich Nietzsche (Pt. III of III)
“Thus the man who is responsive to artistic stimuli reacts to the reality of dreams as does the philosopher to the reality of existence; he observes closely, and he enjoys his observation: for it is out of these images that… Read More ›
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