Stefanie SchulteApr 6, 2017

My #listofinterests *):

#economics
#toobigtofail
#financialstability
#systemicrisk
#shadowbanking
#cooperatives
#linux

*) Explanation:
"Let's play a game, to help some of the newcomers make connections: name 5-7 things that interest you but aren't in your profile, as tags so they are searchable. Then boost this post or repeat its instructions so others know to do the same." (an idea from @HedgeMage)

Show threadDoc Edward Morbius ❌​Apr 6, 2017
@stefanieschulte @HedgeMage Any alt coins, bit or otherwise? Does anyone anywhere in finance know who Frederick Soddy is? If so, capsule assessment would be of interest.
Show threadHedgeMageApr 6, 2017
@dredmorbius @stefanieschulte I play around with cryptocurrencies and blockchain tech on and off, but it's not an obsession. I live in a world where most people haven't yet mastered password management and back-ups, let alone keeping their workstation malware-free...so I won't be giving up on analog currencies as a concept soon.
Show threadDoc Edward Morbius ❌​Apr 6, 2017

@HedgeMage @stefanieschulte A friend is ... working on a ... um ... critical discussion of bitcoin. I've seen a draft. It's entertaining.

I'm inclined to think that Bitcoin's the best educational tool ever created on central banking and financial regulation.

Show threadStefanie SchulteApr 7, 2017
@dredmorbius @HedgeMage Sorry for not replying earlier... Personally, I believe that getting rid of fractional reserve banking would be a bad idea (and part of the ideology around bitcoin is related to full reserve banking, to my understanding). At the same time, mainstream economics doesn't explain banking (and money, whatever "money" means) very well. Therefore the discussion about bitcoin might be useful.
Show threadStefanie SchulteApr 7, 2017

@HedgeMage @dredmorbius By the way, about fractional reserve banking, I recommend this post: http://review.chicagobooth.edu/magazine/summer-2014/bank-runs-arent-madness-this-model-explained-why

The post explains why we have fractional reserve banking, how it can be stabilized and what went wrong during the crisis (shadow banks played an important role).

Show threadHedgeMage
@stefanieschulte @dredmorbius I sent it to my ereader for whenever I have downtime, thanks :)
Apr 7, 2017 at 8:32pmWeb