Category: TECHNOLOGY

Financing Big Government with the Printing Press

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International Liberty

Back in January, I wrote about the $42 trillion price tag of Alexandria Ocasio-Cortez’s Green New Deal.

To pay for this massive expansion in the burden of government spending, some advocates have embraced “Modern Monetary Theory,” which basically assumes the Federal Reserve can finance new boondoggles by printing money.

I debated this issue yesterday on CNBC. Here’s a clip from that interview.

Wow, this Modern Monetary Theory (MMT) reminds me of the old joke about “I can’t be out of money. I still have checks in my checkbook.”

I don’t know how far Ms. Kelton would go with this approach. I know from previous encounters that she’s a genuine Keynesian and thus willing to borrow lots of money to finance a larger public sector. But her answer at 2:45 of the interview also suggests she’s okay with using the Federal Reserve to finance bigger government.

In either case…

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Central bank to set standard for payments via QR code by June | BusinessWorld

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By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK is looking to set a standard for quick response (QR) code payments by June, with the regulator eyeing two options for the new e-payment platform. Vicente T. de Villa III, officer-in-charge of the BSP’s Financial Technology Sub-Sector, said industry players are considering the EMVCo and … Continue reading Central bank to set standard for payments via QR code by June | BusinessWorld

Nigeria in a High Risk of Colossal Economic collapse And The Possibility of Using Technology And Manpower to Boost it Again.

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Nigeria in a High Risk of Colossal Economic collapse And The possibility of Using Technology And Manpower to Boost it Again. 47 million bank accounts go dormant - Vanguard News Nigeria *See - https://www.vanguardngr.com/2019/02/47-million-bank-accounts-go-dormant/ It's too derogatory to find Nigeria in the lists of countries facing economic crisis. Who will agree with me that Nigeria … Continue reading Nigeria in a High Risk of Colossal Economic collapse And The Possibility of Using Technology And Manpower to Boost it Again.

Say goodbye to installing or updating apps ever again — Thoughts

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It’s really cool to work as a software engineer and see new technology trends as they are happening before the rest of the general public adopts them en masse. A major trend in app development is that companies are moving away from native apps and toward progressive web apps (PWA). This trend first began around […] … Continue reading Say goodbye to installing or updating apps ever again — Thoughts