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Cryptocurrencies are not currency, but cryptoassets

Published at: 04-04-2021

Posted on: April 4th, 2021 by RaduC No Comments

My guest this week is Cristian Popa, the well-known and highly esteemed deputy governor of the National Bank of Romania between 1998 and 2014. RC: Cristi, thank you for the kindness of accepting my invitation. In your opinion, are cryptocurrencies an economic or a social phenomenon? CP: They are primarily an economic phenomenon because they […]

What interests inflate the price of Bitcoin?

Published at: 14-03-2021

Posted on: March 14th, 2021 by RaduC No Comments

This post will fuel conspiracy theorising. But I cannot help noting an effort, apparently concerted, to drive the price of Bitcoin up and prevent its spectacular falls as it happened on more than one occasion in the past. Since investor excitement (or naivety?) needs to be continuously spurred on, here comes the heavy artillery. To […]

The Great Reset or the Great Hysteria?

Published at: 05-03-2021

Posted on: March 5th, 2021 by RaduC No Comments

In the past year a ghost has been haunting the public debate. Its name is “The Great Reset”, a concept talked about ever since the 2020 World Economic Forum (WEF) at Davos. It subsequently became the preferred topic of conspiracy theories. The ball was pushed rolling in this direction by political groups and media outlets […]

Is Tesla’s Bitcoin investment a smokescreen?

Published at: 14-02-2021

Posted on: February 14th, 2021 by RaduC No Comments

Tesla and Bitcoin, two extremely popular brands share a common trait: their skyrocketing market value. Since the beginning of 2020, Tesla`s share price has increased ninefold resulting in an overall value higher than that of Toyota, Volkswagen, Daimler, General Motors, BMW, Honda, Hyundai and Ford together. Clearly, some may say that Tesla is not a […]

Finance Ministry thanks the Central Bank

Published at: 24-01-2021

Posted on: January 24th, 2021 by RaduC No Comments

The Finance Ministry thanked the Central Bank for its policy to devalue the RON, the national currency. “The Central Bank, as an independent institution sets its own policies, but a weaker RON will definitely have a positive impact on our country’s exports” stated the Finance Ministry official. What impression would this statement leave on you? […]

Inflation is undervalued

Published at: 17-01-2021

Posted on: January 17th, 2021 by RaduC No Comments

The latest inflation reports made newspapers say “The crisis has brought inflation to almost the best rate for the Romanian economy”, and analysts note that “The annual consumer price dynamics slowed down from 2.14% in November to 2.06% in December, the lowest since September 2017”. Indeed, the crisis, due to rock-bottom consumer spending, has taken […]

Central banks are betraying the cause. Why?

Published at: 27-12-2020

Posted on: December 27th, 2020 by RaduC No Comments

Central banks seem more and more inclined to reinvent the role they play in the economy. Their boldness is a result of the fact that, faced with the dramatic turn of events during the 2008 crisis they shattered all taboos which has failed to generate the negative impact foreseen by the economic theory. That only […]

Carbon neutrality=deforestation neutrality?

Published at: 20-12-2020

Posted on: December 20th, 2020 by RaduC No Comments

Carbon neutrality is the solution that European governments put forward to reach climate neutrality by balancing out CO2 emissions and removals. To get there, approaches bank almost exclusively on ways to dramatically reduce and store emissions. This short-sightedness puzzles me as protecting existing forests and increasing the wooded area are hardly on the countries or […]

Maslow suggests the model of economic comeback

Published at: 30-11-2020

Posted on: November 30th, 2020 by RaduC No Comments

At a time when most are wondering what the post-pandemic recovery would look like, a reasonable answer may be that no specific letter would provide a complete enough answer. Economies are made up of a large array of sectors and exiting the pandemic-induced crisis will have its sector-specific particularities that cannot be ignored. To identify […]

Autocracy or populism?

Published at: 15-11-2020

Posted on: November 15th, 2020 by RaduC No Comments

China’s seemingly more efficient response to the pandemic refuels an older debate on the country’s economic success. The figures speak for themselves. According to the World Bank, 800 million people had been lifted out of poverty by 2018, making China the most important contributor to the global decline of poor population from 40 to 10 […]

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