Commentary / World Nov 10, 2021
There’s an $80 billion hole in India’s climate pledge
As long as free electricity for pumping groundwater remains a popular ploy to garner farmers’ votes, politicians won’t want to lose control of the power sector.
As long as free electricity for pumping groundwater remains a popular ploy to garner farmers’ votes, politicians won’t want to lose control of the power sector.
The city’s monetary authority is currently studying the feasibility of retail digital cash, and one of the design options laid out in a technical white paper looks promising.
The mania and panic that have gripped decentralized cryptocurrencies are heightening the attraction of their coming rivals: digital cash, issued by central banks.
These invisible blockchain tokens could still turbocharge our everyday money: by making it move faster and stretching its worth.
Rapid digitization, especially in emerging markets, will compensate for decompression.
The Bank of Japan has no immediate plans, but it acknowledges the possibility "of a surge in public demand” for official digital cash going forward.
Policy makers in developing nations may not have a choice but to take what they can get — cheaply and quickly. But in so doing, they might just be storing up legal troubles for later.
For countries that pass the threshold conditions, MMT says the only real constraint on government spending is inflation.
Don’t be surprised if those retiring in 2035 need an extra five years or more of future income because of longevity alone.
The Indian government, too, has a toxic dependence on tobacco. It’s called ITC Ltd.