With alternative coins flourishing and Central Banks designing their own digital currencies, there is a potential hard-backed currency which cannot be ignored: carbon. Using carbon to back a global currency would redistribute wealth, incentivize low carbon technology and avoid the environmental taxes which hit the world’s poor the hardest, writes Steve Keen.
Related Articles
Dean Baker – News for Bill Gates: Capitalism Is Still Capitalism Without Patent Monopolies
Like Donald Trump, Bill Gates apparently has a hard time understanding some things. The NYT had a major article on Gate’s role in developing vaccines against the coronavirus. At one point, the piece notes critics […]
Steve Keen, Phil Dobbie – What’s driving the Great Resignation?
One of the surprises as we emerge from the worst of COVIS (hopefully) is wjaty’s being called the Great Resignation. Even though employment levels in most countries remain below pre-pandemic levels, that’s not stopping those […]
Eurostat: Over 800,000 Ukrainian men of age to serve in the military have fled to the EU
According to Eurostat almost 4.2 million non-EU citizens, who fled Ukraine as a consequence of the Russian invasion on 24 February 2022, had temporary protection status in EU countries. Of these almost 20 percent are […]
Be the first to comment