Is aid a waste of money?

Advertising Is a Waste of Money

“ Money ” is the Reserves not the Money ∗

In this paper I will argue that the institutional implementations that we commonly include in our monetary aggregates are actually more similar to the concept of monetary base. I will also argue that the institutional implementation of accounts payable operates as money. This slightly translated definition implies that a new monetary aggregate that includes accounts payable may be useful for co...

Security Services by ISPs, Real Value or Waste of Money?

The Internet is a hazardous environment for the unaware. Crackers, viruses and spam-floods are a nuisance that people using the Internet and the web have to deal with almost on daily basis. Finnish ISPs are trying to improve the situation by offering different security services for home-users. Prices of services vary, and users might feel confused whether the services are actually worth the mon...

Money Is Privacy

An extensive literature in monetary theory has emphasized the role of money as a recordkeeping device. Money assumes this role in situations where using credit would be too costly, and some might argue that this role will diminish as the cost of information, and thus the cost of credit-based transactions, continues to fall. In this paper we investigate another use for money: the provision of pr...

What is Money?