Will technological innovations drive banknotes out of circulation?

In the developed world, economic activities have entered a no-cash era because people can easily pass their days without using banknote or currency. Widespread use of debit and credit cards has technically made banknotes almost redundant. An economic theory of money states that good money drives away bad money out...

Mexico: Economic consequences of AMLO's victory

Andrés Manuel López Obrador (AMLO) finally made it to Los Piños, Mexico's presidential palace, and found his lost chord after a 12-year search. As a progressive, popular, and not-at-all populist Mexico City mayor during 2000-05, AMLO shifted from the leftist Partido de la Revolución Democrática (PRD) to the even more...