Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

MMT in a Post-Covid-19 Environment

We hear the term “printing money” a lot, usually by gold or bitcoin enthusiasts who believe in establishing strict financial constraints. By establishing “hard money” and limiting the quantity of money in an economy, they hope to see their assets rise in value while keeping prices down. Certainly, governments do print some of their money for public use, but the preponderance of funds are entries in digital ledger accounts.

The Great Monetary Surge of 2020 and the Return of Inflation

We had an amazing shot of money into the economy during 2020. It continued into 2021 but nowhere near the amounts of 2020. It helped forestall an economic collapse but became part of the complex equation increasing prices.

Diamonds are a World’s Best Friend? Carbon Capture and Cryptocurrency Blockchains

Instead of mining gold or even Bitcoin, why not move to a diamond standard? Why not use diamonds from carbon recaptured from the atmosphere? Instead of “conflict diamonds,” why not have “climate diamonds?” Can diamonds replace gold and back other currencies?

Digital Spreadsheets – Part 5 – Numeracy and the Power of Zero

The zero is an extraordinary cognitive invention that has been central to the quantitative workings of the spreadsheet. In conjunction with Indo-Arabic numerals and double-entry accounting techniques, the spreadsheet has been crucial to the rise of modern capitalism and that peculiar historical manifestation, the contemporary corporation.

From Gold to G-20: Flexible Currency Rates and Global Power

When British author Ian Fleming published the James Bond spy novel, Goldfinger in 1959, the world was locking into a new framework for managing global trade and foreign exchange transactions. The New Deal’s Bretton Woods agreements tied participating currencies into a fixed exchange rate with the US dollar that itself was tied to $35 for […]

Apple’s GUI and the Creation of the Microsoft’s Excel Spreadsheet Application

Microsoft’s famous spreadsheet application, Excel, was originally designed for Apple’s Macintosh personal computer. This post explores the beginning years of the personal computer and its transition to its more modern interface pioneered by Apple and its Macintosh computer. This transition opened the way for new software innovations, particularly the development of the Excel spreadsheet application […]

Assessing Digital Payment Systems

In digitally-mediated environments, new forms of currency and payment systems continue to gain public acceptance. Changes in technology, contactless options, and the ease of electronic payments make cash less desirable. While credit cards remain the most popular form of payment with some 70% of the market, other systems are emerging. PayPal, for example, is used […]

Digital Spreadsheets – The Time-Space Power of Accounting, Part 1

The digital spreadsheet was designed as an electronic document in which data was arranged in the rows and columns of a matrix and could be manipulated and used in calculations. It combined listing, tabling, and other formulaic calculations to create a new imaginative technology that transformed modern finance and the management of organizations. While the spreadsheet handles various types of information, accounting information is some of the most effective and its power is accelerated by an organization’s information technology.

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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

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    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.