9 Matching Annotations
  1. May 2019
    1. thousand pounds

      The buying power of a thousand pounds, is equivalent to the buying power of $87,093 US dollars today.

      https://www.uwyo.edu/numimage/currency.htm

  2. Oct 2017
    1. Whenever a commentator or an economist conflates the fiscal outlook for a nation that issues its own currency (for example, the US) with the outlook for a nation that uses a foreign currency (for example, Greece) you know one thing for certain – they have not understood what currency sovereignty is.

      Another school of thought on sovereign currency is sovereign money (https://www.sovereignmoney.eu/).

  3. Mar 2017
    1. Where does one draw the 'community lines'? How much do people need to 'care' for each other to be part of a 'community'? Who decides who is in and who is out? What are the criteria? I am getting the distinct impression that 'community' is a problematic pattern  which hides more than it reveals

      Politics power and community.

      Who is in, who is out.

  4. Sep 2016
  5. online.salempress.com.lacademy.idm.oclc.org online.salempress.com.lacademy.idm.oclc.org
    1. Currency: United States dollar

      I find that this is weird because El Salvador is actually pretty far away from the US. It is in the middle of central america, so u would expect for them to use a different currency.

  6. Jun 2016
    1. Being accessible, comprehensible and reachable is where credibility now lies, because of the expectations embedded in practicing openly on the Resident Web.
  7. Jan 2016
  8. Dec 2015
    1. Omidyar Network, established in 2004 by eBay founder Pierre Omidyar, is funding a company called eCurrency Mint, eCM, for a technology that will allow central banks to issue digital currency called cryptocomplex cash. They have been working with 30 central banks, and two of them are about to announce deployment.

    1. gives Chinese exporters a huge advantage

      Contrasting:

      "Some economists, such as Paul Krugman, argue that Chinese currency devaluation helps China by boosting its exports, and hurts the United States by widening its trade deficit. ... Krugman has suggested that the United States should impose tariffs on Chinese goods"

      vs.

      "Greg Mankiw, on the other hand, asserts that U.S. protectionism via tariffs will hurt the U.S. economy far more than Chinese devaluation. Similarly, others have stated that the undervalued yuan has actually hurt China more in the long run insofar that the undervalued yuan doesn’t subsidize the Chinese exporter, but subsidizes the American importer."

      [Source: https://en.wikipedia.org/wiki/Currency_intervention#Chinese_Yuan Retrieved December 9, 2015]

  9. Oct 2013
    1. Custom, however, is the surest preceptor in speaking, and we must use phraseology, like money, which has the public stamp.

      Money metaphor. We use our language like currency and must be able to exchange and understand.