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Revolution is not Bitcoin but Blockchain, replacing double entry Bookkeeping and Banks.

October 21, 2017 - 1:37 pm in Economics, Governance

The reason why digital fiat currency (DFC) is making capitalism obsolescent is that there is no need for loans, debts, interest or capital repayment, hence no need for banks, in the system. Money creation and spending is done by a central bank that, if the…

Briefing paper on Monetary Policy for a Unity Government 2019

October 19, 2017 - 3:40 pm in Economics

The economic policy of the BJP has been blundering along in the footsteps of previous parties and exacerbating in a very short time all the very severe…

Digital Fiat Currency: Overthrowing Hindu Rashtra

October 16, 2017 - 7:43 pm in Economics

International Telecommunications Union Meet on Digital Fiat Currencies India was nowhere to be seen at the International Telecommunications Union meet…

RBI must issue e-Rupees to all citizens

October 8, 2017 - 7:22 pm in Economics

The various reasons for demonetisation have not stood up to scrutiny: 99% of the Rs 500 and Rs 1000 notes came back to the RBI, so only Rs 165 billion out of Rs 16,415 billion may have been black money. Secondly if the aim was to stop people hoarding money…