July 3, 2020
David Golumbia, Virginia Commonwealth University
In the longer piece on which this one follows, I do what I can to show that nearly all of the claims for cryptocurrency and blockchain are false, and most are based on outright fraud.
Author: Dan Rohde
Current Scholarship
Technology v Technocracy: Fintech as a Regulatory Challenge
Saule Omarova, Cornell Law School
This article examines fintech as a systemic force disrupting the currently dominant technocratic paradigm of financial regulation.
Money in the Time of Coronavirus
S. Das, Roundtable Wrap-up
June 29, 2020
Sannoy Das, Harvard Law School
The Just Money roundtable was convened to analyze policy responses, emerging mostly from monetary authorities, to the economic dislocations that occurred or became imminent as the coronavirus crisis hit every corner of the globe.
Roundtable 4
Public Money: Digital Dollars? Fed Acccounts? Postal Banking? (Coming Soon!)
John Crawford, Morgan Ricks, Lev Menand, Abbye Atkinson, Simon Potter, Julia Coronado, Sheila Bair, Jamie McAndrews, Yesha Yadav, Sarah Bloom Raskin, Mehrsa Baradaran and Christopher Giancarlo
Policy Spotlight
The Phenomenon of Complementary Currencies
Roundtable 3: Race and Money
D. Jenkins, Debt and the Underdevelopment of Black America
June 15, 2020
Destin Jenkins, University of Chicago
In his 1983 classic, How Capitalism Underdeveloped Black America, Manning Marable asked
Current Scholarship
Corona Crisis: Lessons of the Stress Test
Perry G Mehrling, Pardee School of Global Studies, Boston University
Perry Mehrling talks to Boston Economic Club June 3, 2020 about the Coronavirus Crisis.
Announcement
Baker Library Collection of American Currency
Baker Library Collection of American Currency
Current Scholarship
Jim Crow Credit
Mehrsa Baradaran, University of California Irvine
The New Deal created a separate and unequal credit market—high-interest, non-bank, installment lenders in black ghettos
Virtual Currencies and the State
G. Vidan, Decentralization: The Rise of a Hazardous Spec
June 12, 2020
Gili Vidan, Harvard University
In 2017, Americans wanted to know “what is Bitcoin?”
Roundtable 3: Race and Money
D. Freund, Money is productive, and racist institutions create money
June 8, 2020
David M. P. Freund, University of Maryland
No doubt many readers here will be familiar with the role of the financial sector in shaping America’s peculiar history of racial inequality
Current Scholarship
Private Markets, Public Options, and the Payment System
Peter Conti-Brown and David A. Wishnick
The speed at which money moves between people and businesses in the United States lags well behind international standards.
Current Scholarship
The evolution of the Offshore US-Dollar System: past, present and four possible futures
Steffan Murau, Joe Rini & Armin Haas
Little has contributed more to the emergence of today's world of financial globalization than the setup of the international monetary system.
Announcement
Two economic sociology postdoctoral positions at King’s College London
Critical finance studies ‘virtual’ conference, 2020
Roundtable 3: Race and Money
M. O’Malley, Money and the Limits to Self Making
May 28, 2020
Michael O’Malley, George Mason University
American debates about money have always reflected our fundamental ambivalence about capitalism itself.
Money in the Time of Coronavirus
G. Epstein, Human Capital Bonds and Federal Reserve Support for Public Education: The Public Education Emergency Finance Facility (PEEFF)
May 21, 2020
Gerald Epstein, University of Massachusetts Amherts
Public education - K-12 and public higher education - have been hit hard financially by the Covid-19 Crisis.
Roundtable 3: Race and Money
M. Baradaran, How the Right Used Free Market Capitalism against the Civil Rights Movement
May 19, 2020
Mehrsa Baradaran, University of California Irvine
In order to achieve racial justice in America, we must confront and then thoroughly reject simplistic and ahistorical myths about markets and capitalism.
Current Scholarship
The Federal Reserve Public Education Emergency Finance Facility (PEEFF): A Proposal
Gerald Epstein, University of Massachusetts Amherst
State and local finances, including for public education, have been hit hard by the COVID-19 crisis, leaving more than a $500 billion hole in their budgets.
Money in the Time of Coronavirus
D. Kennedy, The Fed Should Bail Out Low-Income Tenants and Not Just Banks and Landlords
May 12, 2020
Duncan Kennedy, Harvard Law School
In the last financial crisis millions of American home owners lost their homes while low-income renters were evicted en masse.
Announcement
CFP: Critical finance studies ‘virtual’ conference, 2020
Critical finance studies ‘virtual’ conference, 2020
Announcement
American Predatory Lending and the Global Financial Crisis
American Predatory Lending and the Global Financial Crisis, a website with data visualizations, oral histories, and policy analyses, is now live
Current Scholarship
Why is this Happening? with Chris Hayes: Saving the Economy with Saule Omarova
Why is this Happening?: Saving the Economy with Saule Omarova
Why is this Happening? Podcast Talks with Saule Omarova
Current Scholarship
The Class Politics of the Dollar System
Yakov Feygin & Dominik A. Leusder
The global dollar system has few national winners.
Current Scholarship
Analyzing the Constitutional Theory of Money: Governance, Power, and Instability
Jamee K. Moudud, Sarah Lawrence College
At the heart of the constitutional theory of money is the argument that money is central to governance.
Virtual Currencies and the State
F. Brunton, Virtual Money at the Edge-of-State
April 28, 2020
Finn Brunton, NYU Steinhardt School
Current Scholarship
Tenure of Office and the Treasury: The Constitution and Control over National Financial Policy, 1787 to 1867
Aditya Bamzai, University of Virginia School of Law
The disputed scope of the President’s authority to remove subordinates in the executive branch, and to direct them in the performance of their functions
Virtual Currencies and the State
B. Geva, Payment in Virtual Currency
April 22, 2020
Benjamin Geva, Osgoode Hall Law School of York University
Virtual Currencies and the State
M. de Castro Cunha Filho & S. Silbey, What lies behind the apparent trust in cryptocurrencies?
April 15, 2020
Marcelo de Castro Filho & Susan Silbey, Massachusetts Institute of Technology
At the core of Lev Menand’s and Bill Maurer’s contributions to this roundtable lie one important conclusion
Current Scholarship
A. White, Banks as Utilities
Alan M. White, CUNY School of Law
Banks are creatures of the market and creatures of the state.
Money in the Time of Coronavirus
C. Sissoko, The Problem with Shareholder Bailouts isn’t Moral Hazard, but Undermining State Capacity
April 10, 2020
Carolyn Sissoko, University of the West of England
Coronavirus and the immense economic costs associated with repressing its growth has provoked a debate over how to distribute those costs.
Current Scholarship
J. Feinig, Toward a moral economy of money? Money as a creature of democracy
Jakob Feinig, Binghamton University
This paper proposes a novel approach for understanding money users’ relation to monetary governance institutions.
Announcement
CRFB Covid Money Tracker
For a useful run-down of coronavirus crisis spending, please see the Committee for a Responsible Budget's COVID Money Tracker
Announcement
APPEAL Call for participation on Global Response to COVID-19
APPEAL is pleased to announce the following collaborative virtual opportunity for responding to the current crisis.
Current Scholarship
Public Purpose Finance: The Government’s Role as Lender
Nadav Orian Peer, University of Colorado Law School
This Article explores the workings of Public Purpose Finance, and its role within the U.S. political economy.
Virtual Currencies and the State
J. Haskell & N. Tankus, Virtual Currency (in the Shadows of the Money Markets)
April 9, 2020
John Haskell, The University of Manchester
Nathan Tankus, The Modern Money Network
Off the radar in academic, professional and public experience until the early to mid-2000s, virtual currencies are a hot topic
Virtual Currencies and the State
J.S. Nelson, The Case for Cryptocurrencies as a New Category of Regulated Non-Sovereign Fiat Currency
March 31, 2020
J.S. Nelson, Villanova University
What are cryptocurrencies: securities, commodities, or another form of established currency – a non-sovereign fiat currency?
Announcement
Covid-19 Financial & Policy Response Trackers
Two great resources have been made available to track the many policy responses of governments with regard to the economic impacts of the Covid-19 crisis. Click here for more information.
Money in the Time of Coronavirus
S. Omarova, Crises, Bailouts, and the Case for a National Investment Authority
April 1, 2020
Saule T. Omarova, Cornell Law School
The COVID-19 crisis is unlike any other we’ve seen so far.
Current Scholarship
Central Bank Digital Currencies: The New Era of Modern-day Banking
Benjamin Geva, Osgoode Hall Law School of York University
An internal report submitted in March to the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS), presents an initial analysis of Central Bank Digital Currency (CBDC).
Current Scholarship
Digital money and central bank digital currency: An executive summary for policymakers
Dirk Niepelt, University of Bern
Central banks already issue digital money, but only to a select group of financial institutions.
Money in the Time of Coronavirus
J. van ‘t Klooster, Why the US Congress Gives Dollars to the Fed
March 31, 2020
Jens van ‘t Klooster, KU Leuven and University of Amsterdam
Commentators have raised various concerns over provisions in the $2 trillion US stimulus bill that assign $454
Presentation
Primer on the CARES Act SBA Payment Protection Loan Program
In this Primer, we at Justmoney.org provide a user-friendly, step-by-step explanation of the Paycheck Protection Loan Program enacted last week as part of the CARES Act (Mar. 27, 2020).
Video
Financial Aspects of the COVID Crisis
Erik Gerding and Nadav Orian Peer
Financial Aspects of the COVID Crisis was a community teach-in in CU Law, held online on March 24, 2020.
Money in the Time of Coronavirus
C. Sissoko, A Fire Sale in the US Treasury Market: What the Coronavirus Crisis Teaches us About the Fundamental Instability of our Current Financial Structure
March 27, 2020
Carolyn Sissoko, University of the West of England
A recurring theme in the papers that I have written is that asset price instability is endemic in a system of collateralized lending based on repurchase agreements
Money in the Time of Coronavirus
R. Hockett, The Democratic Digital Dollar: A ‘Treasury Direct’ Option
March 25, 2020
Robert Hockett, Cornell Law School
On March 23rd House Democrats did something I and many others have been advocating for some time
Money in the Time of Coronavirus
J. McAndrews, Derivative Failures
March 22, 2020
James McAndrews, TNB USA Inc. and Wharton Financial Institutions Center
One failure makes many, wrote Bagehot,
Money in the Time of Coronavirus
K. Pistor, The Case for Free Money (a real Libra)
March 20, 2020
Katharina Pistor, Columbia Law School
Our money system revolves around debt.
Current Scholarship
[Recall This Buck I]: Chris Desan on Making Money
Recall this Book Podcast Talks with Christine Desan
This is the first of several RTB episodes about the history of money.
Money in the Time of Coronavirus
L. Downey, The Monetary/Fiscal Divide is Still Getting in Our Way
March 19, 2020
Leah Downey, Edmond J. Safra Center for Ethics at Harvard University
In the wake of the Great Financial Crisis (GFC) the Federal Reserve got creative. The Fed employed
Current Scholarship
Are Central Banks Impotent?
Adair Turner and Paul Tucker
As the coronavirus pandemic spreads, two economics heavyweights debate the proposition. Replies will be updated in real time.