Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Cover to Cover

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There it was on my driveway, just like every month: the latest issue of Gentry magazine, which, as I described it in a prior post, “is a free magazine they distribute around here, packed with a combination of real estate ads, for the tech zillionaires, and plastic surgery ads, for their vain spouses”.

Well, the cover of the January 2021 issue got my attention, so I thought I’d share it, which I’ve thoughtfully scanned:

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Two-Sided Coin

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There is a topic I believe is going to be exceptionally important over the next decade, and that is Central Bank Digital Currencies. Let me be clear at the outset that I am not a professional economist, nor am I a CBDC expert. I do have a couple of extra IQ points to rub together, however, and for both my sake and yours, I wanted to try to educate myself about this crucial topic.

It wasn’t all fun and games; reading some of the academia about this subject doesn’t exactly crackle with warm-blooded humanity, as with this excerpt:

When households endogenously select into banked and unbanked, the introduction of a CBDC, which pays interest and is assumed to be immune to theft, can be Pareto improving and always increases welfare of at least unbanked households. The economic mechanism driving the welfare implications focuses on the interaction between the new monetary policy tool introduced by an interest-bearing CBDC and banks’ limited commitment.

FEDS Notes, November 9, 2020, “Central Bank Digital Currency: A Literature Review”
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