El Salvador’s Bitcoin experiment

As the first country to adopt Bitcoin as a legal tender, it is of no surprise that El Salvador has made headlines in recent weeks. Partnering with a digital wallet company, Strike, the adoption of bitcoin technology is with the aim of building financial infrastructure in an otherwise poverty-stricken nation. President Bukele of El SalvadorContinue reading “El Salvador’s Bitcoin experiment”

The failure of Negative Interest Rates

In past decades, central banks in developed countries, such as the Bank of England, the European Central Bank and the Federal Reserve, have often dropped rates to spur post-recession economic growth. However, in the decade following the Great Recession of 2008, several central banks experimented with negative interest rates, with Denmark being the first toContinue reading “The failure of Negative Interest Rates”

A better alternative to welfare

Universal credit was introduced in 2012, with the intention of simplifying the overcomplicated welfare system. Conversely, Universal Credit has turned out to be far more complicated than was initially intended, insofar as a radical overhaul of the welfare system is necessary. The replacement of both the bureaucratic, means-tested tax credits and Universal Credit, with aContinue reading “A better alternative to welfare”

Long-term US Inflation?

Inflationary fears have returned to the US, as the worst of the pandemic comes to an end. Following periods of expansionary economic policy, fears of excessive inflation have naturally always arisen – as was the case in 2017, following the expansionary tax reductions passed by the Trump Administration. However, given the sheer amount of stimulusContinue reading “Long-term US Inflation?”