Though seductive as pure financial innovation, Facebook’s crypto currency project risks a concentration of power that must be stopped at all costs.
Tag: Mark
WASHINGTON — President Trump arrived in Jerusalem this week with a most curious bit of information for Israeli President Reuven Rivlin. “We just got back from the Middle East,” Trump announced. “We just got back from Saudi Arabia.” At this, the Israeli ambassador to Washington, Ron Dermer, put his forehead in his palm. Did Trump not know Israel is in the Middle East? Did he not know he was in Israel? There was little time to contemplate this mystery, because Trump was moving on to generate more puzzlement at his meeting with Benjamin Netanyahu, the Israeli prime minister. Americans by […]
In the face of the European debt and financial crisis, Hamburg-based economist Dirk Meyer has a “third way”: a system of parallel currencies. A professor at the Helmut Schmidt University of the armed forces, Meyer is convinced that in its present form the euro zone is simply not sustainable in the long term. He used […]