No one I read explains money matters better than Frances Coppola. Here she begins a series on the changing nature of money.
These days, nearly all forms of money bear interest, which makes them indistinguishable from interest-bearing assets. [T]he paying of interest on bank reserves, coupled with the decline of physical currency, all but eliminates the distinction between interest-bearing safe assets such as Treasury bills and what we traditionally call “money”. All assets can be regarded as “money” to a greater or lesser extent: the extent to which assets have “moneyness” is really a matter of liquidity.
I'm hoping that this article by Amos Harel, defense correspondent for Israel's Haaretz newspaper, comes through the paywall. Harel is someone I read regularly. He has this no-nonsense straight-forward way of writing that I find refreshing, and many others might find dull. But he knows his stuff. Here's his not so positive assessment of what the future looks like for Israelis and Palestinians.
Some of you recall that earlier in the summer I posted something on increased anti-semitism in Europe, and it bothers me more than you might expect that at least one regular poster stopped posting after things got tense in the comment thread. I really do regret that happened, and I wish I could turn back the clock and bring back anyone who hasn't posted because of that.
I would be lying if I told you all that I don't have continued bruised feelings towards some folks on and off the masthead for what transpired over that thread. We'll see; time heals. I know some of you don't think about these things like I do. . .different strokes (imagine that).