Riksbank

The Boiling Frog

The Boiling Frog

The boiling frog is a simple tale that illustrates the danger of gradual change: if you put a frog in boiling water, it will quickly jump out to escape the heat. But if you place a frog in warm water and gradually increase the temperature, it won’t notice the change and will eventually cook itself. Might the decline in cash usage be construed as an example of this tale?

The Fed Pill

The Fed Pill

In the iconic scene from the 1999 film The Matrix, the protagonist Neo is presented with a choice between two pills - the red pill, which reveals true reality, or the blue pill, which allows him to remain in his mundane existence, unaware of the choice he has made. This metaphor has become a popular trope on social media over the past decade, with the term “pill” being used to describe a sudden realization or enlightenment. The term is often used in the context of learning or gaining knowledge, and it is meant to evoke the idea of a “magic pill” that can instantly change one’s understanding or perspective on a subject.