Beyond Bitcoin: A new case for novel payment systems

In his latest book, economist Robert Townsend surveys how “distributed ledger” technologies can help emerging economies and many industries. CAMBRIDGE, Mass.(MIT news office) -- The cryptocurrency Bitcoin has become a center of excitement, mystery, and controversy.…

Helping consumers in a crisis

“Quantitative easing” program let households spend more during the last recession. Could it work again? A new study shows that the central bank tool known as quantitative easing helped consumers substantially during the last big…