Get Things Right

My English blog is here http://getthingsright.blogspot.com/

2008-10-21から1日間の記事一覧

A Vision for Bretton Woods Two - Removing systemic risks by reforming to the system based on debit settlement, not credit ブレトンウッズ2への展望  クレジットからデビットへの移行によるシステミックリスク低減

The problem of the current economic system is the systemic risk embedded with credit settlement. To increase demand, each participant pay by credit, which means “I OWE YOU”(IOU). Others can use this IOU as asset, so that the owner of IOU c…