The digital pound: A new form of money for households and businesses?

Re:The digital pound: A new form of money for households and... by kasey_junk on Wednesday February 08, 2023 @09:55AM (#34708815)

I really like Mehrling's theories but I think anyone that points to his work should reasonably caveat by saying a) there is not a lot of broad agreement with it in economics circles and b) its describing a system that was dramatically changed by the 2008 financial crisis and the Money View might be found completely wanting before it achieves uptake as a major economic theory.

I've not watched the listed course so this shouldn't be seen as a criticism of it, only as context for the theories broadly espoused by Mehrling.

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Re:The digital pound: A new form of money for households and... by unmole on Wednesday February 08, 2023 @07:32PM (#34717940)

> there is not a lot of broad agreement with it in economics circles

This is fair.

> its describing a system that was dramatically changed by the 2008 financial crisis

Mherling emphasizes the historical development of central banking but I don't think the Money View is describing an outdated system. The MOOC itself came out after the 2008 financial crises and it does reference Quantitative Easing as a response to the European sovereign debt crisis.

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