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  • Posted September 18th, 2022

    Matthew Slater’s review of recent money news

    Matthew Slater’s review of recent money news

    Matthew Slater, co-author of the Credit Commons white paper, produces a biannual (usually!) roundup of money news he finds interesting. Here are previous roundups and below is the latest. Ideas around money can get very complex very quickly, so do feel free to put queries to Matthew in the comments section below.

    Over to Matthew:

    Dear Money-philes,

    Before we get to the last month’s news, here is my own recent output:

    Europe’s policy of freezing itself to death, and US policy of weapons-before-food means that the Atlanticist monetary system is shifting eastwards very quickly as the majority world seems to have finally attained critical mass to exit the dollar hegemony. Russia and India no longer need the dollar. Russian foreign minister Lavrov warns the world that dollar accounts can simply be blocked for political reasons. To which end, the BRICS nations are thinking more about building their own payment system. Finally, this goldbug piece alleges that China and Russia have much more gold than they have declared and that this can be the basis of a replacement Bretton Woods system.

    I frequently mention Keynes’s stream-rollered ‘Bancor’ proposal at Bretton Woods. Interestingly it seems it was originally the brainchild of Fritz Schumacher, author of Small is Beautiful.

    Ethereum guru Vinay Gupta explains why his blockchain Mattereum can help fix the global economy because it links NFTs to real-world objects using the actual law-of-the-land.

    I enjoyed this lecture about how the British twisted the notion of ‘exchange’ to exploit India. Part of a larger series called Currency and Empire (which was quite dry on the whole).

    Loved this documentary based on Piketty’s Capital in the 21st Century.

    Brett Scott’s new book Cloud Money about the War on Cash is very informative and accessible, although if you’ve been following him as long as I have, there’s not much actually new in it. [NB: here’s my review of the book – Dave.]

    Note if Russia Today is blocked in your area you can access it directly with its IP address click and bookmark

    That’s all folks,


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