91 Matching Annotations
  1. Mar 2023
    1. In short, in the absence of legal tender laws, the seller will not accept anything but money of certain value (good money), but the existence of legal tender laws will cause the buyer to offer only money with the lowest commodity value (bad money), as the creditor must accept such money at face value.

      During the coronavirus pandemic, many vendors facing inflation began to pass along the 3% (or more) credit card processing fees to their customers. Previously many credit card companies would penalize vendors for doing this (and possibly cut them off). This fee was considered "the cost of doing business".

      Some vendors prior to the pandemic would provide cash discounts on large orders because they could circumvent these fees.

      Does this affect (harm) inflation? Is it a form of Gresham's law at play here? What effect does this have on credit card companies? Are they so integral to the system that it doesn't affect them, but instead the customers using their legal tender?

  2. Aug 2022
  3. Oct 2021
  4. Sep 2021
  5. Aug 2021
    1. Prof. Devi Sridhar. “Rest of the World Watching Closely: ‘In Scotland, Estimated That 92.5% of Adults Would Have Tested Positive for Antibodies against SARS-CoV-2 on a Blood Test in the Week Beginning 12 July 2021’- Is This Enough to Dampen Transmission & Protect under 12s from Infection? Under 18s?” Tweet. @devisridhar (blog), August 4, 2021. https://twitter.com/devisridhar/status/1422852550957617157.

  6. Jul 2021
  7. Jun 2021
  8. May 2021
  9. Apr 2021
  10. Mar 2021
  11. Feb 2021
  12. Jan 2021
  13. Nov 2020
    1. “Let’s say a trial is listed and I have to cross examine a witness,” he said. “Now, what is the guarantee that the witness would be willing to go all the way to the court in such a time?” If witnesses do not appear, then the matter would merely be adjourned.

      access to justice

  14. Sep 2020
  15. Aug 2020
  16. Jul 2020