digital economy
Reports on digital economy See all →
The ECB’s new rush toward the digital euro
The European Central Bank is gearing up to introduce a “digital euro” that would circulate alongside regular currency. Doing so would give the ECB more flexibility in monetary policy and consumers greater access to money. But it would also upend the current system, giving the ECB huge powers of surveillance over transactions and even the tools to strong-arm savers into spending.
The new computing technology may alter our civilization beyond recognition
China, the United States and other technologically advanced countries are in an epic race to develop the next generation of computing machines – with designs based on quantum physics’ principles. The state that achieves an early breakthrough in this contest could gain scientific, military, economic and geopolitical advantages of historic ...
Cryptocurrency: A store of value for the current crisis?
Now that the global economy is in deep recession, investors are looking for crisis-proof stores of value. Cryptocurrencies are a new class of assets that could fulfill this need. Several European countries have already created or at least started to consider the legal frameworks necessary to institutionalize this innovation. One ...
Opinion: Harmful attempts to plan and regulate the global economy
Governments’ tendency to overtax the economy, overregulate it and misallocate resources by subsidizing losers, has been hurting economic growth, innovation and competitiveness in many parts of the world, including Europe. Now, officials are discussing novel ways to introduce such disastrous practices on the global level. Their excuse is an alleged ...
Taxing the digital economy
An ongoing international effort to rewrite the global tax rules for the digital economy would be a dramatic shift with potentially damaging consequences. Fear of countries unilaterally levying their own digital taxes has led to an alternative at the OECD, motivated by both fiscal and political factors. The new proposal would ...
