Weekend list #8

The dire consequences of India’s demonetisation initiative

Withdrawing 86% by value of the cash in circulation in India was a bad idea, badly executed, says The Economist.

Should the Riksbank issue e-krona?

The declining use of cash in Sweden is a burning issue for the world’s oldest central bank. Also read the detailed report (pdf).

Central banks and digital currencies

The introduction of a central bank digital currency involves more than a narrow technical judgement, says Bank of England’s Deputy Governor Ben Broadbent.

The rebel economist who blew up macroeconomics

Paul Romer hadn’t planned to trash macroeconomics as a math-obsessed pseudoscience, or infuriate countless colleagues. But it happened.

Finance is not the economy

An economy based on rent extraction by the few and debt buildup by the many is a feudal model, according to Dirk Bezemer and Michael Hudson.