B. Maurer, money at the zero lower bound
B. Maurer, money at the zero lower bound
- February 20, 2020
- Bill Maurer, anthropology, Just Money, Feb. 20, 2020
-----
Bill Maurer, UCI professor of social sciences, writes, “But which is more likely to be dangerous in a Libra/WeChat/CBDC world, a world of stratified currencies operating in closed loops segregating people from one another into new castes? What is money, then? That is to say, what is money in a low-growth world shot through with new instabilities that will increasingly require welfare state apparatuses simply to allow people to continue to live but for which no one knows how to pay? And what is the alternative? Perhaps a money whose problems are solved not by more technology, but by more democracy.”
For the full story, please visit https://justmoney.org/b-maurer-money-at-the-zero-lower-bound/.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightLSR's newest editors are pushing law and society into the future
- Careet RightThree UC Irvine professors named co-editors of prestigious Law & Society Review
- Careet RightWhy some payments companies want to be banks
- Careet RightFormer NYC mayor Eric Adams accused of crypto scam shortly after leaving office
- Careet RightThe penny stops here: As 200-year-old coin ends its run, retailers face costly shift without clear rules