03 Dec 2019

Why are deposit rates persistently low? In the Netherlands (and other developed countries) interest rates have been falling for thirty years. They are now likely to become negative for the ordinary saver. What is the cause and how can it be solved? Economists give various explanations for the ever-falling interest rates. Two groups can be distinguished. The first group relates the dec...

04 Sep 2019

The euro gets competition. Starting next year, we can also pay in libra, the digital currency that Facebook recently announced. If we massively opt for online payment convenience, banks and national states might become servants upholding a money system run by a few billionaires. The libra builds on the current money system operated by banks. That system is based on debt and therefore ...